Chief Executive's Office
Anti-money laundering questionnaire
The Criminal Justice (Money Laundering) Code 2007 replaced the previous Anti-Money Laundering Code 1998 in September last year and affects many additional local businesses. The legislation has been introduced to ensure the Isle of Man complies with international standards and continues to play its part in the worldwide fight against crime and terrorism.
The main thrust of the new law is that it extends to any business dealing in goods which accepts cash payments of 15,000 euros or more – or the equivalent in any currency including sterling.
The registration/questionnaire featured below is particularly important and was completed and returned to the Department by businesses in September 2008. Please click on the pdf link to open the questionnaire, print off a copy and returned the completed form.
The questionnaire helped to identify to what extent individual businesses were and are required to comply with the anti-money laundering provisions. The information gathered was also used to establish a register of businesses that do or do not accept cash payments of 15,000 Euros or more.