Regulatory Alerts2026-01-01
Anti-Money Laundering and Countering the Financing of Terrorism (Civil Penalties) (Travel Rule) (Amendment) Regulations 2026
The Isle of Man Financial Services Authority issued these Regulations to amend the 2019 Civil Penalties framework. The changes update definitions and penalty criteria to ensure contraventions of the Travel Rule (Transfer of Virtual Assets) Code 2024 fall within the scope of the AML/CFT civil penalty regime. These amendments replace references to 'the Code' with 'relevant legislation' to encompass the 2019 Code and the 2024 Virtual Assets Code.
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