7 September, Saturday, 2024
No menu items!
HomeSourcesbbc.comLegal powers for Guernsey financial crime investigation unit

Legal powers for Guernsey financial crime investigation unit

A bureau created to strengthen Guernsey’s response to financial crime has become enshrined in law.

The new law has established the Office of the Director of the Economic & Financial Crime Bureau (EFCB), the States said.

It also clarified the role of the Financial Intelligence Unit (FIU) to tackle money laundering and terrorism financing, it added.

The FIU fell under the EFCB but worked independently, the States said.

The EFCB has been operating since June 2021 under administrative provisions, but the new law provided clarity around its functions, the government said.

Sourcebbc.com
RELATED ARTICLES

Most Popular

Recent Comments