| Abbreviation |
|
| ACSP |
Association of Corporate Service Providers (Isle of Man) |
| AIM |
Alternative Investment Market |
| AML/CFT (and PF) |
Anti-Money Laundering and Countering the Financing of Terrorism (and Proliferation Financing) |
| AML/CFT Handbook |
Anti-Money Laundering and Countering the Financing of Terrorism Handbook |
| APSP |
Association of Pension Scheme Providers (Isle of Man) |
| Basel Committee |
The Basel Committee on Banking Supervision |
| BIS |
Bank for International Settlements |
| CAROL |
Consolidation and Review of Legislation |
| CDD |
Customer Due Diligence |
| CFT |
Countering the Financing of Terrorism |
| CGI |
The Chartered Governance Institute |
| CIS |
Collective Investment Schemes |
| Commission, the |
Financial Supervision Commission (replaced by IOMFSA from 1/11/15) |
| CoMin |
Council of Ministers (Isle of Man) |
| CSP |
Corporate Service Provider |
| CSPA |
Corporate Service Providers Act |
| DNFBPs |
Designated Non-Financial Businesses and Professions |
| EC |
European Commission |
| EIF |
Experienced Investor Fund |
| EIOPA |
European Insurance and Occupational Pensions Authority |
| EU |
European Union |
| EUSD |
European Union Savings Directive |
| FATCA |
Foreign Account Tax Compliance Act (US) |
| FATF |
Financial Action Task Force |
| FCU |
Financial Crime Unit (Isle of Man) |
| FMA |
Isle of Man Fund Management Association |
| FPIBA |
Financial Planners and Insurance Brokers Association (Isle of Man) |
| FRC |
Financial Reporting Council (UK) |
| FSA 1988 |
Financial Supervision Act 1988 |
| FSB |
Financial Stability Board |
| FSC |
Financial Supervision Commission (replaced by IOMFSA from 1/11/15) |
| FSF |
Financial Stability Forum |
| FSOS |
Financial Services Ombudsman Service (Isle of Man) |
| GAAP |
Generally Accepted Accounting Standards |
| GIFCS (formerly OGBS) |
Group of International Finance Centre Supervisors (formerly the Offshore Group of Banking Supervisors) |
| GIICS (formerly OGIS) |
Group of International Insurance Centre Supervisors (formerly the Offshore Group of Insurance Supervisors) |
| GSC |
Gambling Supervision Commission (Isle of Man) |
| IBA |
Investment Business Act 1991 to 1993 |
| IAIS |
International Association of Insurance Supervisors |
| ICPs |
Insurance Core Principles |
| IIP |
Investors in People |
| IMF |
International Monetary Fund |
| IA2008 |
Insurance Act 2008 |
| IOMCA |
Isle of Man Captive Association |
| IOMFSA |
Isle of Man Financial Services Authority |
| IOMSCA |
Isle of Man Society of Chartered Accountants |
| IOPS |
International Organisation of Pension Supervisors |
| IOSCO |
The International Organisation of Securities Commissions |
| IPA |
Insurance and Pensions Authority (replaced by IOMFSA from 1/11/15) |
| Island |
Isle of Man |
| JAMLAG |
Joint Anti-Money Laundering Advisory Group |
| KYC |
Know Your Customer |
| LLC |
Limited Liability Company (formed under the Isle of Man’s Limited Liability Companies Act 1996) |
| LP |
Limited Partnership (formed under the Isle of Man’s Partnership Act 1909) |
| MAS |
Manx Actuarial Society |
| MIA |
Manx Insurance Association |
| MLRO |
Money Laundering Reporting Officer |
| MMOU |
Multilateral Memorandum of Understanding |
| MOU |
Memorandum of Understanding |
| MONEYVAL |
Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (EU) |
| NAV |
Net Asset Value |
| NCCT |
Non-cooperative Countries and Territories |
| NRA |
National Risk Assessment |
| OECD |
Organisation for Economic Co-operation and Development |
| OFC |
Offshore Financial Centre |
| OFT |
Office of Fair Trading |
| OGBS |
Offshore Group of Banking Supervisors |
| PIF |
Professional Investor Fund |
| QF |
Qualifying Fund |
| RPI |
Retail Price Index |
| RBSA |
Retirement Benefits Schemes Act 2000 |
| SF |
Specialist Fund |
| SI |
Statutory Investment |
| TSP |
Trust Service Provider |
| UK |
United Kingdom |
| UN |
United Nations |
| US |
United States |
