A proposed law to counter money laundering in Seychelles will be presented to the National Assembly early next year.
The director of the Financial Investigation Unit (FIU), Philip Moustache, announced the bill last week at State House. The bill has already been approved by the Cabinet of Ministers.
Moustache said that when the anti-money laundering bill comes into law people will need to “show proof of where they get money for huge transactions such as purchasing a new car, boat, land or shares in companies….
Source: Seychelles News Agency
