Tous Actualités
Suivre
Abonner Republic of Seychelles

Republic of Seychelles

Seychelles rejects financial piracy allegations

Mahé, Seychelles (ots)

The Seychelles Government rejects the
allegations posted by PR NEWSWIRE on behalf of Mr. George Xiao and 
his company LXE Solar Incorporated under the headline "Lawsuit 
Charges Seychelles Government With Financial Piracy."
The funds were not "seized" by the Government but frozen, and the 
article's accusations are unfounded, defamatory and incorrect, and no
part should be considered as credible information. No attempt was 
made to contact the Seychelles Government or the Financial 
Intelligence Unit for clarification.
The Seychelles Government has taken a powerful stance against 
international money laundering and has started implementing new laws 
to stop the flow of money from the hands of criminals into legitimate
businesses and bank accounts, and therefore ensuring the continued 
success of the Seychelles jurisdiction as a clean international 
financial center.
The Seychelles Government established the Financial Intelligence 
Unit to meet its international responsibilities in relation to 
Anti-Money Laundering laws and the Financing of Terrorism.
This year Seychelles' legislation was amended to give the FIU the 
power to investigate suspected money laundering through Seychelles' 
jurisdiction and apply to the courts for lawful orders to freeze 
funds reasonably suspected of being the proceeds of crime.
The FIU is currently conducting a number of investigations with 
equivalent agencies and the law enforcement agencies of other 
countries, including the United States.
Seychelles is a jurisdiction which is serious about ensuring a 
strong framework of financial security and is ready to investigate 
suspicious transactions.
The FIU in collaboration with international law enforcement 
partners is currently investigating an account held by LXE Solar 
Incorporated. The funds held in its account have been frozen on the 
basis of evidence presented to the Supreme Court in Seychelles.
The Government is currently reviewing the complaint lodged against
it in the US District Court and will provide a more detailed response
in the near future.

Contact:

Republic of Seychelles
Office of the President
Tel.: +248/29-57-57