A team of six assessors and a supporting secretariat from Moneyval will put Jersey through its paces for the next two weeks which the island is hoping will give it a clean bill of financial health and avoid a FATF grey listing.
Jersey's Government has recently published a raft of updates to various financial regulations including one on 21 September covering the 'National Risk Assessment of Money Laundering'.
According to report by the Bailiwick Express, after set-up and final preparations, the Moneyval assessors will get to work on Wednesday and will be based at the Hotel de France, where they will assess Jersey's rules, regulations, policies and procedures against standards set by the Financial Action Task Force (FATF).
The Jersey 'head of delegation' is George Pearmain, who is the Government's Director of Financial Crime Strategy and an experienced Moneyval assessor himself.
After the assessors leave on 10 October, there will be several months of relative silence, with some engagement behind the scenes, before the final report is formally adopted next July, the island's news service further said.
The last Moneyval inspection of Jersey was in 2015, when the organisation judged that the island was compliant with 48 of the 49 FATF recommendations.
Guernsey is due to be assessed by Moneyval next year.
