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Guernsey’s financial intelligence body has struck a information sharing agreement with counterparts in the British Virgin Islands.
It’s hoped that the free flow of information between the FIU and the BVI’s Financial Investigation Agency will help to tackle money laundering and terrorist financing.
A memorandum of understanding was signed by Adrian Hale, Head of the FIU, and the BVI’s Errol George, at the 30th Egmont Plenary earlier this year in Paris which saw hundreds of financial crime officers come together.
Mr Hale said the importance of international cooperation in this field “cannot be overstated.
“This MoU will be another key vehicle for our team, through which criminal activity can be identified and tackled effectively. Guernsey already had a strong relationship with our partners in the BVI, but this MoU further strengthens that relationship and formalises some essential tools for us in intelligence and information sharing.
“Effectively ensuring money laundering does not take place through Guernsey means effectively working with our international partners.”
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