Moneyval - First Enhanced Follow-Up Report - Isle of Man - 2018

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English

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Moneyval 1st Follow-Up Report - Isle of Man - 2018

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MONEYVAL-1st-Enhanced-Follow-Up-Report-Isle-of-Man.pdf
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Moneyval - First Enhanced Follow-Up Report - Isle of Man - 2018

In light of the Isle of Man’s progress in strengthening its framework to tackle money laundering and terrorist financing since the adoption of its Mutual Evaluation report in December 2016, MONEYVAL has re-rated the jurisdiction on 8 of the 40 Recommendations of the Financial Action Task Force (FATF).

  • Recommendations 5, 6, 29, 32 and 33, initially rated as LC, are re-rated as C
  • Recommendation 16, initially rated as PC, is re-rated as C
  • Recommendations 24 and 35, rated as PC in the MER, are re-rated as LC.