Representatives from the MONEYVAL Secretariat, the international body which will conduct the Island’s Mutual Evaluation this year, are on the Island next week to deliver training to the public and private sector.
The two-day event, referred to as ’Country Training’, marks the official start of the Mutual Evaluation and will provide stakeholders from both the public and private sector with an insight into the process and offer valuable assistance in preparing for MONEYVAL’s two-week on-site visit in September 2026.
The seminar’s first morning will be attended by representatives from the private sector and will begin with opening remarks from the Minister for Justice and Home Affairs, Hon Jane Poole-Wilson MHK, and (via video link) the Chairperson of MONEYVAL, Nicola Muccioli.
This will be followed by a presentation and Q&A session led by MONEYVAL’s representatives, covering what the private sector can expect from the Mutual Evaluation and guidance on engaging with assessors.
The afternoon and second day will give the Isle of Man's AML/CFT authorities an opportunity to demonstrate and receive initial feedback on their effectiveness at preventing, investigating, and prosecuting financial crime through presentations and mock interviews.
The Minister for Justice and Home Affairs, Hon Jane Poole-Wilson MHK, said:
’Part of our Island Plan is to ensure the Island’s financial structures continue to meet international standards, and I look forward to demonstrating to MONEYVAL our all-Island approach to tackling financial crime. This event will offer guidance on how we can demonstrate this most effectively, as well as giving our Island’s businesses a valuable insight into the process of this year’s evaluation.’
Country Training is a standard feature of the MONEYVAL assessment in advance of the Island’s on-site evaluation and provides private and public sector bodies an understanding of the criteria for the evaluation, how it will be conducted, and how they can each contribute.
