A news release from the FSA on 2 February invited feedback on measures aimed at encouraging compliance with the Island’s Beneficial Ownership legislation, with the proposed introduction of new Civil Penalties Regulations, and an intention to broaden the scope of contraventions of the Beneficial Ownership Act 2017 for which a civil penalty can be considered, including those where currently only criminal sanctions are available. The consultation closes on 28 February.

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, 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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