President Danny Faure has today announced the appointment of Mr Richard Jacques Rampal as the new Director of the Financial Intelligence Unit, in accordance with Section 17 of the Anti-Money Laundering Act 2006.

Mr Rampal holds a Bachelor’s Degree in Economic and Social Sciences from the University of Manchester, and has completed 10 years’ service in the financial services sector, including the former Seychelles International Business Authority, and the present Financial Services Authority, where he has been the Director of Fiduciary Services since February 2017.

He has played a key role in the development of the regulatory and supervisory oversight of the non‑bank financial services. He has been a member of the National Anti-Money Laundering Committee spearheading the progress of Seychelles’ compliance with requirements of the international Financial Action Task Force.

Mr Rampal’s appointment takes effect on 1st March 2019.