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ARTICLE · 31 JULY 2024

What Comes After MONEYVAL?

Appleby
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Appleby Jersey recently welcomed MONEYVAL's recognition of Jersey as a responsible finance centre that upholds international standards for combatting money laundering...

JerseyFinance and Banking
Nadia Lewis
Nadia Lewis
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Appleby Jersey recently welcomed MONEYVAL's recognition of Jersey as a responsible finance centre that upholds international standards for combatting money laundering and countering the financing of terrorism, read the full article here.

Now that the dust has settled and we have had time to consider the results, here are our reflections below.

To some extent the result is an anti-climax.

  • No grey listing
  • No national remediation project; and
  • No mass exit of business with corresponding impact on the finances of the island

We passed the exam with apparently minimal actions to remediate. So, what were the ingredients of that success?

  • We reflected on our previous exams and learned lessons

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