Island will make own MONEYVAL decisions

Government accepts findings

Government has accepted the findings of international financial investigators - but insists changes will only be brought about from the inside.

A fifth round evaluation of the Island by MONEYVAL praised its regulatory structure, but identified a 'limited understanding of risk' and an ineffective criminal justice policy.

The Cabinet Office says those conclusions were similar to that of an internal National Risk Assessment, carried out in 2015.

Head of Anti-Money Laundering and Counter Funding Terrorism Karen Ramsay says the Island will retain its prerogative when making improvements: