Anti-money laundering
Anti-money laundering
Licensees in the gambling sector in the Isle of Man are regulated entities. This means that they must adhere to obligations placed upon them by law to combat money laundering and terrorist financing. Collectively these requirements are known as AML/CFT controls (anti-money laundering/countering the financing of terrorism). The Isle of Man Gambling Supervision Commission is the regulator that supervises the Isle of Man gambling sector’s compliance with AML/CFT.
The Commission also participates in national initiatives to continually assess the risk of money laundering and terrorist financing within the gambling sector as well as evaluation exercises, conducted by external teams of assessors, which check the Isle of Man’s national commitment and performance against international standards.
Key AML/CFT documents can be found below:
- The Isle of Man’s national risk assessment
- The AML/CFT strategy of the Isle of Man
- AML/CFT Online Guidance 2015
- AML/CFT Visit Procedures
- AML/CFT Guidance for Virtual Currencies
- AML/CFT Supplementary Guidance January 2018
- Higher Risk Jurisdictions May 2018
- GSC Guidance on the Gambling (Anti-Money Laundering and Countering the Financing of Terrorism) Act 2018
