Seychelles Respond to French Offshore Entity Requests

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The Seychelles Revenue Commission has released the number of requests for data on overseas entities incorporated in Seychelles has received. Specifically, 66 requests from various jurisdictions coming about as a result of the millions of private records stolen from Mossack Fonseca legal firm back in 2016.

Both the Seychelles and France are actively involved with the implementation of the OECD Convention on Mutual Administrative Assistance in Tax Matters, mandating the Seychelles to advance the results of its detections to the French authorities.