The Seychelles Revenue Commission (SRC) and the Seychelles Intelligence Service (SIS) cemented their working relationship through the signing of a Memorandum of Understanding (MoU) on the 7th May 2021 at the SRC Headquarters at Maison Collet in Victoria.
Both the SIS and SRC are members on the National Anti-Money Laundering / Combating the Financing of Terrorism Committee (NAC) established in February 2019.
The MoU was signed by the respective heads of both institutions. Mr. Benediste Hoareau, the Director General of SIS said that “by nature of the functions of the two Parties it is important to establish a good rapport and the necessary working relationship given the confidentiality needed to support intelligence gathering and investigations relating to the detection and prevention of serious offences including tax related offences.”
The Commissioner General of SRC, Mrs. Veronique Herminie expressed the desire that this MOU “would escalate into improved overall compliance from the collaborative intelligence and investigative efforts for both Tax and Customs. The investigation teams from both entities have worked closely on a number of complex cases and the MOU will merely establish the framework for exchange of information to the extent permitted under the respective laws of each entity.”
As members of the NAC, both parties have a responsibility to fight and prevent financial and economic crimes