Financial inclusion guidance updated

The Isle of Man Financial Services Authority recognises the importance of promoting financial inclusion in the Island.

Financial inclusion aims to ensure that vulnerable, low income or displaced members of society can access financial services. This forms a key part of the Financial Action Task Force’s mandate.

The Authority has worked closely with the Island’s banking sector to update sector-specific guidance and provide high-level direction on financial inclusion, including examples of alternative solutions to address potential AML/CFT challenges.

The updated Banking sector guidance can be found on the Authority’s AML/CFT webpages.