Yes, but that doesn't mean the SVG company wasn't sold or changed directors after the VASP registration. There's no simple public registry to look up this info on either, so someone has to send a letter to Seychelles, which will take a month to arrive, and some other lazy bureaucrats may or may not reply to it at all or might reply with information that they need a court order to release that info or some other s**t like that, and then they have to fulfill whatever BS Seychelles might want only to get this SVG company and then have to do the same thing all over again, only to find that the Seychelles company is owned by another company elsewhere, which has nominee director or shareholders etc and everything has to be done by post.
If someone's chasing someone for whatever reason, then the very fact that you need to register UBO somewhere doesn't mean the UBO information is current or accurate and they still have to jump through the hoops. They'll get through them eventually but it might take a year or more, or they might just stop looking after the first step or give up completely and move on to another case if it's a tax thing or criminal thing. If it's a divorce lawyer or a civil matter they would probably never get through it all - be it because no one will give them the information they want or be it because it will be prohibitively expensive and their client won't want to cover it.
So yes, it can be done of course, but it's no longer as simple as looking up who the director and shareholders are like in Companies House in the UK for instance.