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Seychelles
Register of beneficiaries threatens to blow lid on trust company ownership

Like its Mauritian neighbour, the Seychelles is striving to placate international institutions like the OECD and EU while at the same time preserving its offshore appeal. The latest hurdle to negotiate is the introduction in May of a register of offshore company beneficiaries. [...]

Published on 23/04/2021 at 06:00 GMT Reading time 3 minutes

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Finance, Business

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Anti-Corruption Commission of Seychelles
Central Bank of Seychelles
European Union
Financial Action Task Force
Financial Intelligence Unit
Financial Services Authority
OECD
Richard Rampal
Trident Trust
Wavel Ramkalawan

Seychelles
Chrystold Chetty, chairman of the Seychelles Revenue Commission, has his work set out for him

Chrystold Chetty, reappointed as chairman of the Seychelles Revenue Commission (SRC) in April, and SRC Commissioner Veronique Herminie are under pressure from the OECD, the European Union and the Financial Action Task Force (FATF).

Subscribers only Finance, Business 03.05.2021

Seychelles Revenue Commission Chairman, Chrystold Chetty.

Angola
Lourenço widens global hunt for Dos Santos family assets

The UAE, Monaco, Mauritius and Singapore are no longer the only jurisdictions scanning bank accounts to track down the assets of the former Angolan President José Eduardo dos Santos and his family.

Subscribers only Diplomacy 28.04.2021

Mauritius
Port-Louis to clamp down on "letterbox company" culture

Engaged in a major charm offensive aimed at the EU, this summer Mauritius plans to enforce a new law requiring companies registered on the island to prove that they have "substantial activities" in the country, but the legislation does recognise holding companies' activities as substantial ones.

Subscribers only Finance, Business 22.04.2021

Seychelles
Victoria strives to please EU and OECD over tax transparency

Wavel Ramkalawan's government plans to shortly amend legislation covering foreign companies, foundations and trusts to meet the tax policy demands of its foreign partners.

Subscribers only Finance, Politics 07.04.2021

Inner circles | Mauritius
Pravind Jugnauth's task force struggles to shake off EU blacklisting

Prime Minister Pravind Jugnauth has put together a solid team of experts to work on getting Mauritius off the European Union's blacklist of third countries that pose a risk to the bloc because of anti-money laundering deficiencies.

Subscribers only Finance, Politics 12.02.2021

Prime Minister of Mauritius Pravind Jugnauth.

Southern Africa
Botswana, Mauritius and Zimbabwe put on best show to impress money-laundering watchdog

From 24 November to 4 December, the reputation of Botswana, Zimbabwe and Mauritius will lie in the hands of the Eastern and Southern Africa Anti-Money Laundering Group, a body of the global money laundering watchdog FATF.

Subscribers only Finance, Diplomacy 02.12.2020

Spotlight | Mauritius
Axis wants to burst into Mauritian trust market

The Harel family has sold its financial arm to Axis Fiduciary. The young trust company now finds itself up against the families firmly established in offshore finance on the island - Ah-Chuen, Lagesse, Dalais or Espitalier-Noel - as well as stiffer competition from international groups.

Subscribers only Finance, Business 02.09.2020

Rogers House in Port-Louis, headquarters to the Espitalier-Noë family group, a symbol of the island's financial establishment.

Luxembourg, Mauritius
Luxembourg wants to make the most of EU's red flag for Mauritius

Now that the European Union has decided to blacklist Mauritius over money laundering and terrorist financing concerns, Luxembourg sees an opportunity to attract financial flows destined for Africa.

Subscribers only Finance, Business 07.07.2020

Seychelles
Despite OECD downgrade, the tax haven wants to outshine Mauritius

Despite being downgraded by the OECD in its latest peer review report on April 6, the offshore financial centre Seychelles is making strides by banking on new financial technologies. The country wants to outshine neighbouring Mauritius, which for its part, is in the OECD's good books.

Subscribers only Finance, Business 22.04.2020

On our other sites

EU anti-corruption investigators under fire in Seychelles

The corruption case brought against members of former president France-Albert René's entourage has been largely put together with the help of investigators under contract to the European Union. However, their impartiality and methods have been called into question by defence lawyers.

Subscribers only Intelligence Online 30.03.2022

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Anti-Corruption Commission of Seychelles
Central Bank of Seychelles
European Union
Financial Action Task Force
Financial Intelligence Unit
Financial Services Authority
OECD
Richard Rampal
Trident Trust
Wavel Ramkalawan

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Seychelles
Register of beneficiaries threatens to blow lid on trust company ownership

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Set up email notifications for these topics

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Africa Intelligence on social media

Indigo Publications' websites

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Indigo Publications' websites

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Seychelles Register of beneficiaries threatens to blow lid on trust company ownership

This article may be accessed by subscribers

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Set up email notifications for these topics

Seychelles Chrystold Chetty, chairman of the Seychelles Revenue Commission, has his work set out for him

Angola Lourenço widens global hunt for Dos Santos family assets

Mauritius Port-Louis to clamp down on "letterbox company" culture

Seychelles Victoria strives to please EU and OECD over tax transparency

Inner circles | Mauritius Pravind Jugnauth's task force struggles to shake off EU blacklisting

Southern Africa Botswana, Mauritius and Zimbabwe put on best show to impress money-laundering watchdog

Spotlight | Mauritius Axis wants to burst into Mauritian trust market

Luxembourg, Mauritius Luxembourg wants to make the most of EU's red flag for Mauritius

Seychelles Despite OECD downgrade, the tax haven wants to outshine Mauritius

EU anti-corruption investigators under fire in Seychelles

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Seychelles
Register of beneficiaries threatens to blow lid on trust company ownership

Seychelles
Chrystold Chetty, chairman of the Seychelles Revenue Commission, has his work set out for him

Angola
Lourenço widens global hunt for Dos Santos family assets

Mauritius
Port-Louis to clamp down on "letterbox company" culture

Seychelles
Victoria strives to please EU and OECD over tax transparency

Inner circles | Mauritius
Pravind Jugnauth's task force struggles to shake off EU blacklisting

Southern Africa
Botswana, Mauritius and Zimbabwe put on best show to impress money-laundering watchdog

Spotlight | Mauritius
Axis wants to burst into Mauritian trust market

Luxembourg, Mauritius
Luxembourg wants to make the most of EU's red flag for Mauritius

Seychelles
Despite OECD downgrade, the tax haven wants to outshine Mauritius