The Board's AML/CFT Accountability

Under the Seychelles AML/CFT Act and Securities (Anti-Money Laundering and Countering the Financing of Terrorism) Regulations, directors and senior management of a licensed securities dealer carry personal legal accountability for the firm's AML/CFT compliance — it is not a responsibility that can simply be delegated to the compliance officer. This course sets out exactly what the board must approve, oversee, and be able to demonstrate to the FSA.

• Jurisdiction: Seychelles (FSA)
• For: Directors, Senior Management
• CPD units: 6
• Price: €144.00
• Pass mark: 50%

What this course covers

1. Scope and the Offence
2. The Board's Governance Obligations
3. Customer Risk Decisions
4. Reporting, Supervision and Sanctions
5. Board Oversight in Practice

Assessment and certificate

A 10-question test follows the final lesson. A score of 50% (5 of 10) or above is a pass. You may retake the test as many times as you need, and your CPD certificate — showing your name, the course, 6 CPD units, the date and a certificate number — is issued on your first passing attempt.

Learning time: 6 hours (360 minutes): about 81 minutes of reading, 259 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.

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.