Tuesday, October 15, 2019

Power to Exchange Information

Power to Exchange Information

The FSA Act empowers the Authority to take such steps as it considers appropriate to co-operate with foreign regulatory authorities or persons, in or outside Seychelles, who have functions in relation to the prevention or detection of financial crime, including money laundering, financing of terrorism, misconduct in, or misuse of information relating to, financial markets and offences involving fraud or dishonesty.

Co-operation may include the sharing of documents and information which the Authority is not prevented by the FSA Act or any other enactment from disclosing and includes making request for assistance to other foreign regulatory authorities.