eprivateclient

Isle of Man given under a year to amend money laundering legislation

News Team, 11/09/2018

The Isle of Man’s Department of Home Affairs has issued a draft Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Code 2018 following a critical report from MONEYVAL. 

The proposals set out in the draft amendment Code will give effect to recommendations made in the Mutual Evaluation Report issued by MONEYVAL following its fifth round mutual evaluation of the Isle of Man. The report stated that the jurisdiction has until only July 2019 to amend its money laundering legislation.

The m...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


Main News Headlines

17/05/2024

EU Council agrees to new tax withholding rules

17/05/2024

The week on eprivateclient: Evelyn Partners, Mills & Reeve, Mourant and more...

17/05/2024

In the spotlight - Chris Moorcroft, partner, Harbottle & Lewis

17/05/2024

Greenhushing: Keeping quiet about sustainability in private wealth

17/05/2024

The top sustainability stories...

Show all

About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more