AML/CFT Requirements and Guidance

The links on the right-hand menu link to pages which set out details of the Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”) requirements and guidance for persons, entities and arrangements which are regulated under the following Acts:

Please click on the relevant link for more information.

Also, in order to assist relevant persons in fulfilling their training obligations under the AML/CFT legislation the Authority arranges, from time to time, Anti-Money Laundering and Countering the Financing of Terrorism seminars details of which are usually published on this website.

Any queries in relation to the AML/CFT requirements and associated guidance may be directed to aml@iomfsa.im

 

AML/CFT (Civil Penalties) Regulations 2019 (“Civil Penalty Regulations”)

Following a public consultation in early 2019 the Civil Penalty Regulations have now been brought into force. This extends the range of sanctions in relation to contraventions of compliance with the AML/CFT Code 2019. Previously, the only option was for criminal sanctions to be imposed when contraventions of the AML/CFT Code were identified.

Please see the guidance note in relation to the AML/CFT civil penalties regime.

 

Annual AML/CFT Statistical Returns

All regulated entities and designated businesses should complete the applicable Annual AML/CFT statistical return detailed below and submit it to business.change@iomfsa.im on or before 31 December each year.

Annual AML/CFT Statistical Return for regulated entities and associated guidance

Annual AML/CFT Statistical Return for designated businesses and associated guidance