Regulatory Alerts2021-01-01
Isle of Man Financial Services Authority Anti-Money Laundering and Countering the Financing of Terrorism Handbook
The Isle of Man Financial Services Authority issued the Anti-Money Laundering and Countering the Financing of Terrorism Handbook to guide supervised entities in complying with the 2019 Code. The document mandates a risk-based approach to managing money laundering and terrorism financing risks through detailed requirements for business and customer assessments. It further establishes strict protocols for customer due diligence, suspicious activity reporting, and record-keeping to ensure regulatory adherence.
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