Regulatory Alerts2021-01-01
AML/CFT Guidance and Supplemental Information Glossary
The Isle of Man Financial Services Authority issued this glossary to define key terms used in its Anti-Money Laundering and Countering the Financing of Terrorism guidance. The document establishes that definitions from the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019 take precedence in case of inconsistency. It provides standardized meanings for regulatory concepts such as customer due diligence, beneficial ownership, and various statutory acts to ensure consistent application of compliance requirements.
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