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Covid 19 Update

In light of the new COVID-19 situation, the GTA has closed its office and training rooms to the public until further notice. The GTA team are working hard to move our portfolio of courses online and we will provide an update shortly. During this period please contact us via email [email protected].

Finance, AML & Compliance, Trust

Compliance CPD Series 2021 - Session Eight – Looking ahead to MONEYVAL – What is next for Guernsey?

Course details

Start Date

14 October 2021

CPD Points

1

Cost

£45

Length

1 hour (12:30-13:30)

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.


Course Tutors

  • Adam Cole

    Advocate Adam Cole is a partner in Walkers' Guernsey Insolvency & Dispute Resolution team, with wide commercial litigation experience and a particular interest in contentious insolvency matters, regulatory enforcement referrals and trust disputes. He has been practising for over a decade and has been admitted in Guernsey since 2014. Prior to that Adam worked with a major international firm in London, specialising in insurance-related litigation.

    Adam is a member of the Association of Restructuring and Insolvency Experts (ARIES) and was awarded a Distinction for the STEP Advanced Certificate in International Trusts Disputes. He has been consistently recognised by both Legal 500 and Chambers and Partners.

  • Jamie Bookless

    Jamie Bookless is Senior Counsel at Walkers Insolvency & Dispute Resolution team, specialising in complex and high-value commercial disputes and insolvency matters.

    Jamie regularly acts for large commercial clients, corporate trustees, major accountancy firms and investment banks. Jamie also has experience of competition law disputes, and disputes over data protection legislation and contentious regulatory matters.

Upcoming Courses

Some courses we run are scheduled based on demand. Please ensure you register your interest to ensure we know which courses you would like to attend.