EVENT
Preparing for MoneyVal: Existence – v – Efficacy.
24 April 2023
In April 2022, FATF published what it termed a landmark report on the state of effectiveness and compliance with the FATF standards. Its purpose: to provide an insight into its key findings from its fourth round of mutual evaluations, focusing on the effectiveness of countries’ implementation of relevant AML/CFT/CPF laws and regulations. FATF’s focus is on the participating countries and is clear on the promotion of a risk-based approach, effectiveness and efficiency. The Strategic Review that the FATF commenced in 2019 (which this Report forms part of) is intended to make the ‘next round (fifth round of mutual evaluations) timelier, more risk-based and effective‘, with the purpose that ‘[U]ltimately, we must make the world a safer place for all citizens.‘ While we understand that MoneyVal’s forthcoming assessment will be based on the FATF Fourth Round Methodology, with the landmark report now out is well worth having an eye to the future.
The pressing question is: what should NEDs be doing to demonstrate efficacy of Guernsey’s AML/CFT/CPF framework?
Date: 24 April 2023
Venue: Harry Bound Room, Les Cotils
Timings:
8.00 – 8.30am breakfast and networking
8.30 – 9.30am workshop
9.30 – 10.00am networking
