Subject: CASS Newsletter - AML-CFT (Reliance on Regulated Persons) Regulations

In an effort to strengthen its AML/CFT framework, the Government of Seychelles has recently introduced the Anti-Money Laundering and Countering the Financing of Terrorism (Reliance on Regulated Persons) Regulations (“Regulations”) on 20th November 2023.


Reporting entities may rely on a regulated person, including a foreign regulated person, to apply customer due diligence measures in respect of a customer, as provided by Section 42 of the Anti-Money Laundering and Countering the Financing of Terrorism Act 2020.


In line with the aforementioned, these Regulations have come to light to provide a framework for the reliance on regulated persons by reporting entities. The key provisions of the Regulations are as follows:

Regulation 6 concludes the Regulations by providing that:


“Every reporting entity shall ensure that any reliance arrangement that were in existence between the reporting entity and a regulated person shall comply with the provisions of these regulations within 12 months of the coming into force of these regulations.”

Read Regulations

We are now in Seychelles - CASS (SEYCHELLES) LTD


Headquartered in the Mauritius International Financial Centre, CASS - Compliance Administration and Support Services has now expanded its operations to Seychelles with the ultimate aim to better assist you with your AML/CFT compliance needs and trainings.


Leveraging the team’s in-depth understanding of the local and regional regulatory environment, CASS serves clients seamlessly across borders.

Our inherent belief is to first understand your exact needs. We then tailor our services to support you in establishing a strong and effective compliance framework anchored on an agile execution delivered in a judicious and timely manner. Ultimately, our aim is to accompany you all along your journey to ensure that you are well equipped to face any potential threat or vulnerability along this journey.


We’d be pleased to have a chat with you to see how we can better assist you. If you want to schedule an appointment with our team or wish to have more information, please get in touch with us at cassoperations@cass.mu.

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