19/03/2026 – Throughout March 2026, the Global Forum Secretariat deepened its engagement with the Seychelles, accelerating efforts to ensure the effective implementation of the Common Reporting Standard (CRS), its 2023 amendments (amended CRS) and the Crypto‑Asset Reporting Framework (CARF).
Over the month, the Global Forum Secretariat delivered four targeted virtual engagements, each addressing a key component of the European Union funded programme’ s implementation:
- A technical workshop for the Seychelles Revenue Commission (SRC) and the Ministry of Finance, Economic Planning, Trade and Investment (Ministry of Finance) organised in the context of the ongoing second round of CRS effectiveness reviews (effectiveness reviews). The session was attended by 29 officials and focused on strengthening audit activities to ensure that all Reporting Financial Institutions meet their registration, due diligence, and reporting obligations.
- A dedicated consultation jointly organised by the SRC and the Ministry of Finance, with the Seychelles trust industry, gathering 31 trust service providers. The discussions deepened the sector’s understanding of its reporting duties under the CRS and amended CRS.
- Two high-impact virtual training sessions, bringing together 34 officials from the SRC, the Ministry of Finance, and the Financial Services Authority. These sessions provided comprehensive guidance on the amended CRS and prepared officials for upcoming CARF requirements.
These activities mark a significant milestone in the Seychelles’ preparation for the next phase of its effectiveness review in 2026, and its commitments to begin exchanging information under the amended CRS in 2027 and CARF in 2028.
Across all engagements, participants gained deeper insight into both existing and new obligations. They received clear and practical guidance on the implementation steps, timelines, and compliance needs, with discussions and materials tailored to the Seychelles’ specific context.
While the effectiveness workshop and industry consultation focused on detailed technical issues – such as identifying the reporting population, conducting due diligence, and enforcing legal obligations – the CRS and CARF training sessions featured expert presentations, responses to advance questions, and interactive quizzes to consolidate knowledge.
With the financial support of the European Union, the Global Forum Secretariat continues to deliver targeted, high-value assistance to support the Seychelles in meeting international tax‑transparency standards.
About the Global Forum
The Global Forum is the leading multilateral body mandated to ensure that jurisdictions around the world adhere to and effectively implement the standard on transparency and exchange of information on request (EOIR) and the standards of automatic exchange of information (AEOI), covering financial accounts under the Common Reporting Standard (CRS) and crypto-asset transactions under the Crypto-Asset Reporting Framework (CARF). These objectives are achieved through robust monitoring and peer review processes. The Global Forum also runs an extensive capacity-building programme to support its members in implementing the standards and help tax authorities make the best use of cross-border information sharing channels.
