MoneyVal: "Oh No Not Another Review!"

The MoneyVal report is unquestionably a huge success for Jersey and reflects the hard work over a number of years of all the stakeholders, and those that made a contribution can be justly proud of their achievement. The report is one of the most detailed we have seen and leaves no stone unturned when assessing Jersey's effectiveness in combating money laundering, the financing of terrorism and proliferation financing.

At what cost?

The final cost of the MoneyVal report is difficult to assess. Government do not publish financial information sufficient to make any form of accurate assessment and the same applies for all the other agencies involved with one exception – the Jersey Financial Services Commission.