ML in Guernsey
A new body has been set up by in Guernsey to investigate money laundering, financial crime and to recover proceeds of unlawful conduct.
The Economic Financial Crime Bureau (EFCB), which has been created by the the Committee for Home Affairs, plans to use a range methods – including the law and intelligence – to identify criminal activity.
“The creation of the EFCB was an opportunity identified by the Committee to strengthen Guernsey’s approach to tackling financial crime, and deal with the threats and risks faced by Guernsey as an international financial centre. In particular, the EFCB will improve Guernsey’s effectiveness in tackling money laundering and help prepare the island for the moneyval evaluation planned for 2023.”
— EFCB Director, Kevin Davis
Mr Davis will report to the committee and will work with the Head of the Bailiwick Law Enforcement, law officers and other key partners.