In 2017, Seychelles underwent its second round of the Mutual Evaluation process conducted by assessors from countries within the Eastern & Southern Africa Anti-Money Laundering Group (ESAAMLG) region. The Mutual Evaluation is a comprehensive review of a country’s legal, regulator and institution framework to assess the levels of implementation of the international standards set by the Financial Action Task Force (FATF).

The report, which analyses both technical compliance with FATF 40 Recommendations and the effectiveness of the country’s AML/CFT framework, was adopted by the Council of Ministers during the ESAAMLG Plenary held in Seychelles in September 2018. Based on the results of the mutual evaluation, Seychelles is under the Enhanced Follow-up Process and thus required to report on progress made on a bi-annual basis to the ESAAMLG.