New body created to tackle financial crime in Guernsey

The EFCB will be headed up by Kevin Davis. Credit: ITV Channel TV

A new body has been set up by in Guernsey to investigate money laundering, financial crime and to recover proceeds of unlawful conduct.

The Economic Financial Crime Bureau (EFCB), which has been created by the the Committee for Home Affairs, plans to use a range methods - including the law and intelligence - to identify criminal activity.

Mr Davis will report to the committee and will work with the Head of the Bailiwick Law Enforcement, law officers and other key partners.

Reviews will take place on a regular basis in order to continuously improve crime detection. Politicians hope the new organisation will strengthen the island's response to financial and economic crime.