AML/CFT Handbook - Update

The Authority wishes to draw your attention to some amendments to the Anti-Money Laundering and Countering the Financing of Terrorism Handbook (‘AML/CFT Handbook’) and also to the Banking sector specific guidance document.

There have been some minor terminology amendments made throughout the document to ensure accuracy and consistency. Also, any remaining references to ‘Commission’ have been replaced with “Authority”. There have also been a small number of other changes made to the document.

Also, Appendices D(a) and D(b) have been amended to reflect the FATF Statement issued on 19 February 2016 and the FATF’s statement entitled ‘Improving Global AML/CFT Compliance: update on-going process’ also issued on 19 February 2016.

Please view:

Also, we would like to draw your attention to a further press release regarding AML/CFT published on the Authority’s website last week.

This press release was issued by the Cabinet Office and is regarding the publication of the national risk assessment. Also, the Isle of Man Government has published a national strategy in relation to its stance against money laundering and the financing of terrorism. This document sets out priority goals actions identified following a review of existing defenses.

If you have any enquires please contact the AML Unit using the following email address:[email protected]