AML/CFT Obligations for Securities Dealers - Seychelles

Compliance-officer-depth AML/CFT training for staff of Seychelles FSA-licensed securities dealers — compliance officers, AML officers, directors and dealing staff. Built directly from the Anti-Money Laundering and Countering the Financing of Terrorism Act, 2020 (consolidated to 1 September 2024, and the Cap. 251 Revised Edition), the Beneficial Ownership Act, 2020 and the National Risk Assessment. References to the AML/CFT Regulations, 2020 are flagged for verification with the FSA.

• Jurisdiction: Seychelles
• For: Compliance Officers, AML Officers, Directors, Dealing Staff
• CPD units: 10
• Price: €240.00
• Pass mark: 50%

What this course covers

1. Foundations of the AML/CFT Framework — where securities dealers sit within the regime, personal liability, and the offence of money laundering.
2. Registration, Risk Assessment & Governance — FIU registration, firm-level risk assessment, internal controls, and appointing a compliant compliance officer.
3. Customer Due Diligence — beneficial ownership, PEPs, simplified and enhanced due diligence, reliance on regulated persons, and the duty to cease.
4. Suspicious Activity Reporting — the two-business-day STR clock, what a report must contain, and the tipping-off offence.
5. Records, Supervision & Sanctions — record-retention periods, FSA supervisory powers, and administrative sanctions up to SCR1,000,000.
6. Red Flags & Practical Scenarios — applying the framework to real dealing-desk situations, with worked right/wrong examples.
7. Glossary and Sources — quick reference and full legal citations.

Every lesson follows the same structure: the legal text (verbatim extracts, or summaries clearly labelled as such), a plain-language interpretation, and a practical example grounded in a securities-dealer scenario.

Learning time: 10 hours (600 minutes): about 189 minutes of reading, 391 minutes of case studies and self-check questions, and 20 minutes for the final test. The estimated time for each lesson is shown in its title and at the top of the lesson.

Assessment and certificate

A 10-question test follows the final lesson, each question citing the specific provision it tests. A 50% pass mark (5 of 10) is required, with unlimited retakes. On passing, a CPD certificate for 10 units is issued in your name, with a unique certificate number.

Legal sources

• Anti-Money Laundering and Countering the Financing of Terrorism legislation on the FSA website

Legislation current as at: Anti-Money Laundering and Countering the Financing of Terrorism Act, 2020 as consolidated to 1 September 2024. Consolidated texts are unofficial and provided for convenience only. Always check the Official Gazette for the current law.