Guernsey finance firms invited to MoneyVal follow-up events
The States said the outcome meant the bailiwick was "one of the best, secure and safe jurisdictions in the world for financial services".
All the sessions will be held at the commission's offices at Glategny Esplanade in St Peter Port, the commission said.The free sessions are: Fiduciary (15 September), Investment (17 September), Banking (22 September), Insurance (23 September) and Prescribed Businesses (30 September).It said two spaces were available per company for the sessions, which all take place from 09:00 to 11:00.
MoneyVal is part of the Council of Europe that evaluates finance centres, such as Guernsey, to make sure they have robust processes and rules in place to tackle financial crime.The island's recent MoneyVal assessment tested whether the bailiwick's laws and processes were tackling financial crime effectively, rather than whether financial crime was attempted or had taken place.Guernsey was placed into regular follow-up, which is the standard monitoring process for jurisdictions MoneyVal believes may have room for improvement but have no major issues.
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