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Finance, AML & Compliance, Trust

Compliance CPD Series 2022 - Session Eight – Countdown to MONEYVAL

Course details

Start Date

11 October 2022

CPD Points

1

Cost

£45

Length

1 hour (12:30 to 13:30)

Location

GTA University Centre

Course Overview

As the upcoming MONEYVAL assessment of Guernsey’s AML and CFT controls gets closer, discover the essential topics and controls licensees need to focus on in order to help Guernsey sail through the assessment. 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 2024 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.

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 225470.

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 Tutor

  • Adam Cole

    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.



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.