CENTRAL BANK OF SEYCHELLES

P. O. Box 701, Victoria, Seychelles

Tel: + (248) 4 282 000; Fax: + (248) 4 226 104

Website:www.cbs.sc

PRESS COMMUNIQUÉ

Victoria - January 13, 2022

CBS lifts suspension on operations of Thompson (Seychelles) Ltd

The Central Bank of Seychelles (CBS) has lifted the condition suspending operations of Thompson (Seychelles) Ltd, permitting the Bureau de Change (BDC) to resume its operations of buying and selling foreign currency only in the form of notes, coins and traveller's cheques, effective Thursday 13, 2022.

The CBS decision to lift the suspension on the operations of the BDC - imposed on December 7, 2021 - is in accordance with section 53(3) of the Financial Institutions Act, 2004, having considered the outcome of an investigation by law enforcement authorities against an administrator of Thompson (Seychelles) Ltd.

CBS is committed to its supervisory role of the financial services sector as per the regulatory framework in place and remains proactive in ensuring the proper operation of all licensed entities under its regulatory purview.

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Central Bank of Seychelles published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 10:10:03 UTC.