New bill creates fines for trustees in Seychelles not in compliance on businesses relationships

A fine not exceeding $5,000 will be applied to trustees who are found to not be complying with provisions made under a new bill approved by the Seychelles’ National Assembly on Friday. The National Assembly approved the International Trust Amendments bill which addresses concerns raised in the Mutual Evaluation Report published in 2018 by the … Continue reading New bill creates fines for trustees in Seychelles not in compliance on businesses relationships