On 12th September, FATF published the 2nd Enhanced Follow-up Report from MONEYVAL to the mutual evaluation report on the Isle of Man of December 2016.  In the light of progress made, MONEYVAL has re-rated the jurisdiction on 4 of the 40 FATF Recommendations – Recommendation 11 from LC to C; Recommendation 12 from LC to C; Recommendation 17 from LC to PC; and Recommendation 25 from PC to C.  The Isle of Man will continue in the enhanced follow-up process and will continue to report on the progress made to strengthen its implementation of AML/CFT measures.



This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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