On 20th December the Isle of Man FSA formally informed regulated businesses on the Island that the Government’s Customs and Excise service had “recently” published notices regarding proliferation financing and sanctions, including Notice 1009 MAN, which details the Government’s policy on proliferation and proliferation financing risks.  This Notice was, in fact, published in June 2017 (as its author I can confirm this!), and should be read alongside Notice 1008 MAN, which provides guidance to business on proliferation and proliferation financing, including suggested “red flags” etc (and last amended in November to take account of the Final Report on Typologies of Proliferation Finance published by Project Alpha).  The Customs and Excise service published a wide range of guidance  and information material on AML/CFT, sanctions, export and trade controls and proliferation which can be accessed at –

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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