123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL General >> View Article

Is Fiu In Seychelles Private ?

By Expert Author: Ariel Brady

Something is wrong in the tropical paradise of the Seychelles, business owners and their clients are struggling to understand how and why such as major business problem could have occurred. The introduction of the privately owned Financial Intelligence Unit was supposed to signal a change in the way customers were protected from unscrupulous business owners, more and more it is legitimate business owners who are now turning to the courts for help in their dealings with the FIU.

Placing a private company in charge of regulating business owners was always going to be a difficult situation, would a profit driven company like the FIU be fair and impartial in its dealings with business owners? Hiding the company behind the smokescreen of being a legitimate government agency only adds to the deep misgivings many business owners who have crossed paths with the agency have about its motivation. So concerned have some Seychelles business owners become about the role and tactics of the FIU that a court case has been brought in the US to determine the private company's legitimacy.

Understanding the problems surrounding the FIU is often difficult for most people outside the Seychelles, largely because the business practices of the group seem to smack of blackmail and extortion. In basic terms, the FIU investigates complaints made against a business by a customer or another business owner. Although this seems like a good idea, the FIU has taken things a step further by seizing of the assets of each company a complaint is made against. Without a serious investigation taking place the FIU then offers to free the assets for a charge of 50 percent of the assets owned by the business. If a company refuses to pay the charge their assets are frozen indefinitely, which hardly seems fair on the strength of a simple business complaint.

Dan Troy is an expert in offshore company formation and very interested in all legal aspects regarding the jurisdictions and the behavior of the local governing bodies.

Total Views : 61Word Count Appx. : 330See All articles From Author

General Articles

1. Finding The Best Webcam Site
Author: parveen kumar

2. Install Mp Breaking News App And Read Latest Gwalior News On Your Mobile Anytime
Author: Mpbreaking News

3. Sarkari Results | Transport Constable Results
Author: sindhukk

4. Farbe In Ihr Hochzeitskleid Zu Integrieren
Author: Farbe in Ihr Hochzeitskleid zu integrieren

5. Key Practices To Maintain Spirituality In Life
Author: Ravindra Singh

6. How Leggings Have Become A Chief Attire
Author: Soumya Banerjee

7. Pinarello Road Bikes | The Dream Bike For Owning
Author: parveen kumar

8. Sarkari Results | Tamil Nadu Set Results
Author: sindhukk

9. When To Take Your Kid To A Child Psychologist
Author: Child Psychologist

10. Weight Loss Surgery- Popular Choice For Obese Patient
Author: Swati Chaudhary

11. Limousine Service In Toronto: Exciting Ways To Use A Limousine
Author: Cory Frank

12. Plumbing Perth | Hot Water Systems Perth

13. Purchasing The Afl Jumpers & More
Author: parveen kumar

14. How To Find The Best Brand Of Grouting Material?
Author: Nitin Gohil

15. Water Proofing Solutions And How They Help
Author: Nitin Gohil

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: