REGULATED ENTITIES AND DNFPB – COVID-19 MONEY LAUNDERING RISK ASSESSMENT FOR THE ISLE OF MAN

A news release from the FSA in the Isle of Man says that it notes and is fully supportive of the risk assessment document issued by the Island’s FIU, and also draws attention to the recent FATF publication on risks and policy responses to Covid-19.  The FSA says that publications identify current patterns of behaviour which criminals are cynically utilising internationally and on the Island to exploit new vulnerabilities exposed by remote working practices, time pressure, vulnerability and residents desire to help others in need.

https://www.iomfsa.im/fsa-news/2020/may/regulated-entities-and-dnfpbs-covid-19-money-laundering-risk-assessment-for-the-isle-of-man/

The FIU risk assessment is at –

https://fiu.im/media/1085/covid19-risk-assessment-public.pdf

 

If you’d like to help to contribute to the cost of the new laptop and desktop I have had to acquire, now that I am 5,000 miles away from my originals – 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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: