News &amp; Press

FSA Statement regarding COVID‐19 for the Insurance Sector

The Financial Services Authority (FSA) of Seychelles has issued a statement regarding its operations and expectations for the insurance sector during the COVID-19 pandemic. The FSA deems insurance services essential and encourages the industry to continue providing services while adapting operations based on Business Continuity Plans. Licensees are advised to liaise with Seychelles Police for travel passes for staff, as the FSA closely monitors the situation and collaborates with stakeholders.

AML-CFT Supervisors sign Joint Enforcement Policy

AML-CFT Supervisors in Seychelles have signed a Joint Enforcement Policy. This policy, released on September 26, 2025, aims to strengthen the enforcement of Anti-Money Laundering and Counter-Financing of Terrorism regulations. The details of the policy are available for download through an attached PDF document.

Communiqué No 1 of 2026 - Work-From-Home Arrangements & Digital Submission of Documents

The Financial Services Authority (FSA) of Seychelles is transitioning to a work-from-home arrangement in line with a national energy conservation initiative but assures stakeholders that service delivery will not be impacted, encouraging digital submissions. This measure is in compliance with a government circular, allowing regulatory functions and processing timelines to continue as normal.

FSA Enhanced measured vis‐à‐vis the COVID‐19 Situation – Temporary Closure of FSA Offices

The Financial Services Authority (FSA) of Seychelles has announced the temporary closure of its offices at Bois de Rose and Providence from April 9, 2020, until further notice. This measure is in response to the COVID-19 pandemic and aims to ensure the health and wellbeing of staff and stakeholders. The FSA advises licensees and stakeholders to adopt enhanced measures, including using electronic resources for communications, and will provide updates via its website and email.

Questionnaire for Policy holders

The Financial Services Authority in Seychelles is conducting a survey among policyholders to assess the impact of COVID-19 on the insurance sector in the country. The collected data will be compiled into a report highlighting key trends and opportunities for the sector, maintaining confidentiality for research purposes only.

Revocation of Domestic Insurer licence

The Financial Services Authority (FSA) has announced the revocation of the general insurance license held by Falcon Insurance Limited, effective February 8th, 2024. This action was taken pursuant to section 110 (1) of the Insurance Act, 2008. Consequently, Falcon Insurance Limited no longer possesses the aforementioned license as of the specified date.

Press Release following FSC Press Conference

The Financial Stability Committee (FSC) held a press conference to discuss its August meetings. Following public concerns, the Financial Services Authority (FSA) clarified that a mentioned bond default does not involve government-issued securities or the Cable and Wireless (Seychelles) Limited bond. The FSA reiterated its commitment to informing the public about non-bank financial services.

Press Release - Caution re VASPs claiming to be affiliated with Seychelles

The Financial Services Authority of Seychelles issued a press release on October 28, 2024, to caution the public about Virtual Asset Service Providers (VASPs) falsely claiming affiliation with Seychelles. This alert aims to prevent misunderstandings and protect the public from potentially fraudulent entities. The full press release is available for download.

Press Release - End of Transitional Period under VASP Act

The Financial Services Authority of Seychelles has announced the end of the transitional period under the VASP Act. This press release, dated December 13, 2024, is accompanied by an attachment for further details. The FSA provides its location and contact information in Victoria, Mahe, Seychelles.

Press Release - Caution regarding Virtual Asset Services Providers

The Financial Services Authority (FSA) of Seychelles has issued a press release dated February 14, 2025, regarding a caution about Virtual Asset Services Providers. The announcement includes contact details and location information for the FSA. This release advises the public about potential risks associated with VASPs.

https://fsaseychelles.sc/vasp/report-suspected-unauthorized-or-unlicensed-va-vasp-activity

The Financial Services Authority of Seychelles is encouraging individuals to report suspected unauthorized or unlicensed VA/VASP activity. By submitting a dedicated form, users can assist the FSA in addressing these activities. This initiative helps ensure compliance and maintains the integrity of the financial services sector.

Press Release - National Coin

The Financial Services Authority (FSA) of Seychelles has issued a warning regarding a scam circulating on Facebook about a 'National Coin' on the Solana blockchain, falsely attributed to the President. The FSA emphasizes that the Government has not issued such a coin and advises the public to verify the licensing and authorization of VASP and VA products. Consumers are encouraged to report any suspected unauthorized activities to the FSA.