Course Overview

This session will give an overview of what to expect from the upcoming MONEYVAL assessment of Guernsey’s AML and CFT controls. Delegates will hear how they can maintain a demonstrable regulatory focus, what issues are likely to gain greater regulatory scrutiny and what licensees and relevant officers can be doing to ensure they are prepared.

Course Content

This session will cover the following topics:

• Introduction to MONEYVAL
• 2016 assessment of the Bailiwick
• Enforcement Activity
• Financial Crime Offences
• Where to expect scrutiny
• Regulatory issues that are likely to gain greater focus

Course Benefits

In January 2016 MONEYVAL issued an assessment of the Bailiwick’s AML and CFT controls. The report concluded that the jurisdiction had made major progress against evolving regulatory standards and was “largely compliant” with international money laundering guidelines. This was tempered by the suggestion that “the relatively limited number of cases involving third party [money laundering] by participants of the financial industry and the amounts of property laundered and confiscated… indicates room for more effective application of [money laundering] provisions.”

MONEYVAL are due to return to Guernsey in 2022/23 and will expect progress to have been made in relation to the demonstration of regulatory compliance. Delegates attending this training will be appraised of the likely areas of scrutiny and regulatory issues expected to gather focus beyond this key assessment of Guernsey’s global regulatory standing.

In the event that the MONEYVAL inspection of Guernsey is pushed back significantly we reserve the right to change the topic of this session for something more appropriate and relevant.

Next Steps

If you would like to book a place on this course please click on the ‘Book Course’ button to the right of this page and login or register for a user account to complete your booking(s). Any queries please do not hesitate to contact us via [email protected] or call us on 01481 721555.

If no date is scheduled for this course at the present time please click on the ‘Register Interest’ button and login or register for a user account so that we can add you to our course interest register. This register allows us to contact our tutors and finalise dates for a course as soon as we have a few people who have expressed their interest, so the more delegates who register their interest, the sooner we can schedule a particular course.