MONEYVAL publishes a follow-up report on the Isle of Man


September 7 2018

In light of the Isle of Man’s progress in strengthening its framework to tackle money laundering and terrorist financing since the adoption of its mutual evaluation report in December 2016, MONEYVAL has re-rated the jurisdiction on 8 of the 40 Recommendations of the Financial Action Task Force (FATF).

In December 2016, the Isle of Man was placed in MONEYVAL’s enhanced follow-up procedure based on the results of its mutual evaluation, which assessed the effectiveness of the Isle of Man’s anti-money laundering and counter-terrorist financing (AML/CFT) measures and their compliance with the 4