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Home makes strategic appointment ahead of MONEYVAL inspection

Home makes strategic appointment ahead of MONEYVAL inspection

Friday 19 February 2021

Home makes strategic appointment ahead of MONEYVAL inspection

The recently-appointed Director of Economic Crime & Money Laundering has been recruited to provide "strategic and operational leadership" ahead of Guernsey's forthcoming MONEYVAL inspection.

Kevin Davis has been called upon to apply his extensive experience in combatting serious, complex economic crime, having previously led UK enforcement teams in delivering significant successful prosecutions.

Home Affairs is reportedly conscious to develop this area as the Bailiwick prepares for its MONEYVAL inspection in 2023, which will focus on the effectiveness of anti-money laundering and countering financing of terrorism regimes.

Working closely with the Policy & Resources Committee, the Committee is "determined to further develop its strategic direction and ensure its efficacy to deliver" and regard Mr Davis’ appointment to be "one of the key steps that will build on the excellent reputation the Bailiwick has for extremely high standards of law enforcement and regulation in the finance sector."

"This role is vitally important in the ongoing fight against serious economic crime, countering money laundering and terrorist financing and moreover, the future economic wellbeing of the Bailiwick," said Home Affairs President Rob Prow.

"Kevin brings extensive experience to his new role which will greatly assist in ensuring we are best prepared to achieve a positive outcome from the forthcoming MONEYVAL inspection, as well as strengthening and future proofing the Bailiwick’s economic crime investigative capability.”

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