Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT)
The Isle of Man is a leading international business centre renowned for its professionalism and long-standing policy of positive engagement with global standards.
A robust regulatory environment continues to make a significant contribution to the Island’s reputation as an excellent place to do business.
The Island seeks at all times to remain in line with global efforts to combat money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction.
Maintaining the integrity of our Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime is a top priority.
A collaborative approach is being taken to ensure the Isle of Man builds on its strong track record of international compliance.
This is a full-time focus and includes our preparedness for the next MONEYVAL evaluation, which will be crucial to the Island’s international status and economic wellbeing.
A positive outcome will reinforce the Isle of Man’s commitment to preventing the misuse of its finance sector by criminals and will maintain the ease and competitiveness of doing business here.
This webpage provides information and links regarding the Island’s AML/CFT regime. Regular updates and news releases can be found here.
A number of Government agencies are working in partnership to help drive continuous improvement in relation to AML/CFT compliance, including:
AML/CFT Policy Office
AML/CFT Policy Office acts as the coordinating body for the Isle of Man’s AML/CFT regime, coordinating the Island’s engagement with the Financial Action Task Force and MONEYVAL.
Financial Services Authority
The Isle of Man's Financial Services Authority seeks to protect consumers, reduce financial crime and maintain confidence in the finance sector through effective regulation.
Financial Intelligence Unit
The Financial Intelligence Unit is the national centre for the receipt and analysis of suspicious transaction reports and relevant money laundering information, associated predicate offences, and terrorist financing. FIUs are also responsible for disseminating analysis results.
Customs and Excise Division
The Customs and Excise Division is responsible for the implementation of UN and UK financial and economic sanctions and export and trade licensing controls in the Isle of Man.
Isle of Man Constabulary
The Isle of Man Constabulary have a specialist Proactive International Money-Laundering Investigations Team who investigate complex, multi-jurisdictional cases of money-laundering and the financing of terrorism. Other financial crime matters such as fraud are investigated by the Economic Crime Unit.
Gambling Supervision Commission
The Gambling Supervision Commission regulates all online gambling activities, as well as the licensing and regulation of land-based gambling operations such as casinos and betting offices.
International Co-operation and Asset Recovery Team (ICART) - Attorney General's Chambers
The ICART team identifies, restrains and recovers criminal assets in the Isle of Man, using criminal and civil powers created by legislation.
Prosecutions Division - Attorney General's Chambers
The Prosecution Division undertake the statutory responsibility of prosecution on behalf of His Majesty’s Attorney General in relation to all cases brought on behalf of the Isle of Man Constabulary, as well as other statutory boards and departments.
Income Tax Division
The Income Tax Division is responsible for the collection of Income Tax and National Insurance as well as compliance with international taxation standards. The Division ensures Isle of Man taxpayers are compliant and has a role in investigating possible cases of tax evasion. In additional, the Division collects and provides information to assist with tax compliance and investigations in partner jurisdictions using its extensive exchange of information network.
The Central Registry is responsible for incorporating and dissolving companies and other corporate entities, maintaining company and corporate entity information and making this information available publicly. As of August 2023, it maintained details of over 33,000 live registrations, over 25,000 of which are corporates bodies and 150,000 dissolved registrations. Altogether, it processes more than 100,000 transactions per year.
New powers enable it to oversee compliance with legislation and make enquiries in order to verify the information submitted for inclusion across the registers, including Beneficial Ownership information, helping to support the Island’s economy, assisting companies to thrive, as well as tackling economic crime.
AML/CFT/CPF Training and Awareness / Engagement
For general enquiries about AML/CFT/CPF related training and awareness or engagement across Isle of Man Government, please liaise with the AML/CFT Policy Office within the Cabinet Office:
Telephone: +44 1624 685744