Glen Tonks, Chair of the IoD Guernsey Branch, has welcomed the results of the latest MONEYVAL evaluation, which confirms Guernsey’s standing as a responsible and well-regulated international finance centre.
'This is a fantastic result for Guernsey and reaffirms our island’s strong reputation for meeting the highest global standards and combating financial crime. The result is a testament to the exceptional collaboration, expertise, professionalism, and integrity of those working in and supporting the financial services industry.
'Guernsey’s finance industry is the engine of our economy. Along with the strong eco-system supporting and servicing the industry, It provides high value jobs, drives tax revenues, and operates with a comparatively low environmental footprint whilst supporting other sectors and the wider community. The island has a reputation for professionalism, innovation and with that expertise benefitting organisations around the world, and here at home.
'As a jurisdiction, we should be proud of what we do, confident in the value we provide on the international stage. Guernsey has demonstrated its ability to meet rigorous international expectations, providing confidence to businesses, investors, and partners around the world. This report is not just about recognising our strengths - it is a strong foundation for the next phase of our growth. It serves as a launchpad for our finance industry’s continued success, providing reassurance whilst also creating further opportunities for innovation, investment, and economic prosperity.
'Now is the time to embrace our success, get behind our leading industry, champion it and continue building on this strong platform for growth.'