Seychelles FIU issue importance notice on beneficial ownership

The Seychelles Financial Intelligence Unit (FIU) recently published an important notice regarding beneficial ownership. The FIU’s notice highlights the importance of maintaining accurate and up-to-date information of the beneficial owners of:

• Companies incorporated or registered under the Companies Act,
• Associations registered under the Registration of Associations Act, and
• Partnerships under the Civil Code of Seychelles Act.

Legal entities incorporated or registered with any of the acts above understand that non-compliance is illegal and sanctions in line with the Beneficial Ownership Act, 2020, will be enforced.

To ensure compliance with the Seychelles FIU, companies must:

1. Identify and verify their beneficial owners,
2. Maintain a register of beneficial owners, and
3. Upload their beneficial ownership information onto the Seychelles Beneficial Ownership Database.

Please contact us at info@salvusfunds.com if you would like additional information or help about how to comply with the FIU’s Beneficial Ownership Act in Seychelles.

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