At the October sitting of the Island’s parliament, Tynwald, a question was asked about the compliance enhancing procedures (CEP) report required on issues identified by MONEYVAL, following the mutual evaluation report and the enhanced follow-up process.  When, it was asked, would this CEP report be published?  It is said that the Isle of Man entered the CEP process in December 2018 in order that 3 specific matters identified as outstanding from the 2016 Mutual Evaluation Report should be monitored and addressed in a timely manner.  The first of 2 CEP reports was considered at the MONEYVAL’s July Plenary and, it is said, will be published on the Government website in due course.  A second CEP report will be submitted to MONEYVAL at the end of October.  The 3 issues involved were concerned with CDD procedures and the greater use of administrative sanctions by the financial sector regulator, the FSA.

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

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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