Regulations and Guidance - Insurance

The Authority maintains regulations and guidance notes on the prevention of money laundering and countering the financing of terrorism, which impose additional requirements on persons regulated under the Insurance Act 2008, over and above the requirements of the Criminal Justice (Money Laundering) Code 2008.

Insurance (Anti-Money Laundering) Regulations 2008

With effect from 1 September 2008, the IPA has introduced new anti-money laundering regulations with which Isle of Man insurers must comply.

A copy of the Regulations can be viewed, or downloaded, by clicking on the link in the table below.

Guidance Notes on Anti-Money Laundering and Preventing the Financing of Terrorism – for Insurers (Long Term Business)

With effect from 1 September 2008, the IPA has introduced revised anti-money laundering requirements with which Isle of Man life insurers must comply. The Guidance Notes on Anti-Money Laundering and Preventing the Financing of Terrorism – for Insurers (Long Term Business) (“the Guidance Notes”) replace the Anti-Money Laundering Standards for Insurance Businesses previously in force.

Life insurers must apply the requirements of these Guidance Notes in conjunction with the provisions of the Insurance (Anti-Money Laundering) Regulations 2008.

A copy of the Guidance Notes can be viewed, or downloaded, by clicking on the link in the table below.

For reference purposes only, the Anti-Money Laundering Standards for Insurance Businesses which were previously in force can be viewed by clicking on the link in the table below.

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