The Ministry of Finance (Guernsey) announced that Guernsey hosted the International Anti-Corruption Coordination Centres (IACCC) Associate Members Annual Working Group Meeting, marking the first time the event has been held outside London, the United States and Singapore. The meeting took place earlier in April and was opened by Deputy Rob Prow, President of the Committee for Home Affairs. Guernsey’s Financial Intelligence Unit (FIU) participates in the IACCC as an associate member via a memorandum of understanding. The programme included presentations, workshops and a tabletop exercise focused on strengthening cross-jurisdiction cooperation in investigations involving grand corruption, including proactive sharing of financial intelligence and analysis and developing how mutual legal assistance could be obtained to support investigations of international money laundering offences. The release also reiterated that Guernsey’s main money laundering threats arise from foreign criminality, which could involve bribery, alongside terrorist financing risks, and linked the FIU’s work to mitigating risks identified in Guernsey’s National Risk Assessment.

Original source View in tracker