123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> General >> View Article

Is Fiu In Seychelles Private ?

By Author: Ariel Brady
Total Articles: 271

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: 79Word Count: 330See All articles From Author

General Articles

1. Wedding With Replica Van Cleef Jewelry@thereal.su
Author: TheReal.su

2. Princess Van Cleef Pendant Fake@thereal.su
Author: TheReal.su

3. Love Vashikaran Specialist Molvi Ji Contact Us Ask Free Question.
Author: vashikaaran molviji

4. Unable To Access The Internet After Installing A Mcafee Security Suite
Author: Maria Williams

5. Queen Double High Air Bed Part - Ii
Author: desired. An excellent source of vitamins A and C.

6. Foods, Natural Appetite Suppressant Pills Reviews To Lose Weight Safely
Author: Aisford Henderson

7. Learn Everything About Pipe Designing With Sp3d Training Program
Author: Multisoftsystems

8. How To Face These Challenges?
Author: hu Allen

9. Custom Tailoring For Gentlemen
Author: Herringbonesui

10. The Most Effective Method To Fix Some Common Errors In Wordpress
Author: Applaunch

11. Best Fashion Designing Courses In Chennai
Author: Ganesh Kumar

12. How To Enhance Your Video Marketing?
Author: Disha Parchani

13. A Common Skin Problem: Skin Pigmentation
Author: Parkmed Healthcare

14. Best Rent A Car Dubai To Travel At Your Will
Author: rocketrentacars

15. Norton Antivirus
Author: Gracy Hatt

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