Guernsey Receives Positive MONEYVAL Evaluation

The Bailiwick of Guernsey has demonstrated that it meets the most stringent international standards following a highly successful outcome from MONEYVAL's assessment into how it combats financial crime.

The Bailiwick received pass ratings for six out of the 11 Immediate Outcomes assessing its effectiveness in the areas of anti-money laundering and combating the financing of terrorism (AML/CFT), as well as combating the financing of proliferation of weapons of mass destruction.

The Bailiwick was one of a very small number of jurisdictions to receive more than one top rating of 'High', recognising its strengths in 'the implementation of sanctions on terrorist financing and oversight of non-profit organisations' and 'the implementation of sanctions on financing of proliferation of weapons of mass destruction'.