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What does Strategic Pillar 1 entail?

Efficient development of new products and services to diversify the FSA's portfolio

Continuous training and development of the FSA staff

Continuous collaboration with external bodies and other relevant stakeholders to increase the jurisdiction's visibility

Efficient implementation of rules, policies, and best practices in line with the FSA's vision to be a credible regulator

What are the Strategic Objectives of Strategic Pillar 1?

The adoption of a financial services centre for Seychelles that is geared on regulating licensed activities of substance and value

Successful implementation and execution of the rules, policies, procedures and best practices provided for under the relevant regulations governing each activity.

Laws and Policies: Full revision and modernising of our regulations, policies and operating standards to International norms and best practices.

Effective implementation of the sectoral responsibility for AML/CFT supervision, monitoring and enforcement for all reporting entities under our regulatory purview.

What are some of the Key projects under Strategic Pillar 1? [Choose 3]

Review of current legislation

Capacity building for internal and external stakeholders

Risk Based Approach to AML/CFT supervision and monitoring

Adherence to international reporting requirement

Development of business continuity plan

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