The Council of Europe’s MONEYVAL, in partnership with the Government of Jersey, hosted a landmark Public-Private Learning and Development Forum on Beneficial Ownership in Jersey on 25-26 June 2026. Gathering experts from across Europe and beyond, the Forum brought together financial supervisors, company registrars, financial intelligence unit officials, policy makers, and representatives of the private sector to advance transparency and effective implementation of beneficial ownership frameworks.
This event formed part of an ongoing series of public-private learning initiatives sponsored by the Financial Action Task Force (FATF), with its inception proposed at a previous FATF plenary meeting. The overarching aim of the Forum was to foster dialogue and collaboration on compliance with FATF standards in respect of beneficial ownership transparency, paving the way for the development of a new guidance document to support members of MONEYVAL and the wider FATF Global Network.
“..MONEYVAL’s contribution extends beyond the AML/CFT sphere. As a monitoring body of the Council of Europe, our work forms part of the Organisation’s broader mission to uphold democracy, human rights and the rule of law,” said MONEYVAL Chair, Mr Nicola Muccioli, at the opening of the forum.
In line with MONEYVAL’s objectives, the Forum underscored the critical need for national strategies and inter-agency coordination, robust verification measures, and ongoing adaptation to new forms of financial crime. Participants committed to continued information sharing, peer learning, and engagement with global standards, including those set by the Financial Action Task Force (FATF), to ensure the effective implementation of Recommendations 24 and 25, and Immediate Outcome 5.
The Forum’s outcomes, including practical lessons, actionable recommendations, and collaborative inputs from participants, will inform the creation of a comprehensive Insights document to to assist jurisdictions in enhancing transparency and effectiveness in the fight against money laundering and terrorist financing.
MONEYVAL reiterates its dedication to promoting transparency, cooperation, and robust standards in the area of beneficial ownership, and calls on all jurisdictions to continue strengthening their frameworks in alignment with the global and the Council of Europe instruments and best practices.
