AML/CFT Handbook updated to reflect National Risk Appetite Statement

The Isle of Man Government has recently published a National Risk Appetite Statement (NRAS) with a focus on the eGaming sector and related industries.

The NRAS has been produced in response to the evolving threat landscape, particularly from serious and organised crime in East and Southeast Asia. The NRAS provides clear, actionable guidance for businesses to assess and manage risks in both new and existing relationships.

In conjunction with this cross-agency initiative, the Authority has updated its AML/CFT Handbook to reference the NRAS and provide guidance on where this should be considered by relevant persons in the course of their business activities.

The revised Handbook includes links to the NRAS Frequently Asked Questions, along with an update to the Business Risk Assessment guidance in section 2.2.8.