More training to boost capacity of financial services personnel

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More training to boost capacity of financial services personnel

Post  Sirop14 on Tue Aug 12, 2014 4:38 pm

More training to boost capacity of financial services personnel

12-August-2014


People working in the financial services sector are following a two-day workshop to boost their capacity to better address the issue of money-laundering and counter terrorist financing.

The workshop taking place at the Doubletree Hilton Hotel, Anse Forban has been organised by the Centre for Legal and Business Studies based in Mauritius with the support of the Financial Services Authority (FSA).

It is bringing together personnel of the FSA, the Central Bank and the Ministry of Finance, Trade and Investment.

The training is being conducted by Mathew Beale, the director of Comsure Group -- a training solutions provider whose aim is to support and reinforce an organisation’s compliance function and framework. This function identifies, assesses, advises, monitors and reports on the organisation’s compliance risk.
The training session yesterday was launched by Finance, Trade and Investment Minister Pierre Laporte.

Addressing all those taking part in the training, Minister Laporte said it is proof of the importance the FSA and the government place on building the capacity of our people on the ground in the field of anti-money laundering and counter terrorist financing.

“Every employee, regardless of position within an organisation, has a role to fulfill in safeguarding the reputation of their firm and minimising the threats it faces. It is therefore crucial that professionals are fully trained and armed with the necessary skills and knowledge, particularly in areas of risk assessment, suspicious activity surveillance and customer due diligence,” Minister Laporte said.

Minister Laporte went on to stress that the risks all practitioners regulated under anti-money laundering rules face by not taking anti-money laundering due diligence seriously include both a compliance risk and a reputational risk for the firm itself and the jurisdiction.
“No one wants their firm’s name or any member of their staff’s name to be spread across newspapers because of prosecution for something like inadequate control,” Minister Laporte pointed out.

He called on everyone taking part in the training to gather as much knowledge as possible from these two days so they have the added tools to help them in their work.

For his part Mr Beale noted that the presence of the minister responsible for finance and the large number of organisations taking part show the willingness of the highest authority as well as the different firms to jointly fight the scourge of money laundering and terrorist financing.

http://www.nation.sc/article.html?id=242648

Sirop14

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Visa/Mastercard payment channel for government e-services launched

Post  Sirop14 on Wed May 20, 2015 10:40 am

Visa/Mastercard payment channel for government e-services launched

20-May-2015

Queuing to pay or renew your different licenses will soon be a thing of the past. With the launch of the Visa/Mastercard payment channel for government e-services, now you just need to spend a few minutes behind your computer and your transaction is done.

The launch of this service provided by the government, through the department of information, communication and technology (DICT), was done by Vice-President Danny Faure yesterday at the Seychelles Trading Company conference room.

If you have a valid visa/master card, you can now pay for your business registration and business renewal license online. Services like planning application, vehicle testing fees, and collateral registry for moveable assets and driving license renewal will also soon be payable online.

PS Choppy delivering his speech “The launch we are witnessing today, I believe, addresses a critical component in enabling citizens and businesses to transact more seamlessly online, electronically, with government. We are introducing another electronic channel through which citizens or businesses can make payments to government also, the first government e-service to have this facility for receiving payments,” said ICT principal secretary Benjamin Choppy.

He added that this is through the online use of bank cards affiliated to the Visa and Mastercard systems.
“DICT has now developed the know-how for integrating the Visa-Mastercard payment facility in any of the online e-services it has deployed or will be deploying in the future. It now has the capability of deploying fully transactional e-services. DICT is presently working with other government organisations to have this payment facility incorporated as part of their e-services too. The number of e-services with this payment facility is expected to grow over time,” noted PS Choppy.

In order to make this project possible, four organisations – Barclays Bank, the Treasury within the Ministry of Finance, Trade and the Blue Economy , the Central Bank of Seychelles (CBS) and DICT – worked closely to implement the e-services that are fully transactional and deploy them relatively quickly with no be-spoke developments required for payment.

“DICT will also continue to work with other payment solution providers in order to incorporate as many electronic payment channels within the e-services that it builds for government,” promised Mr Choppy.

http://www.nation.sc/article.html?id=245462

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