Isle of ManThe Isle of Man Financial Services Authority issued a press release highlighting amendments to certain sanctions measures implemented by the jurisdiction.
The Isle of Man Financial Services Authority announced the de-listing of Invoke Accounts Limited for deficiencies in the company’s anti-money laundering and counterterrorist financing program.
Mastercard severs ties with Venezuelan lenders, U.S. officials restrict transactions with Cuba, and more, in the weekly roundup.
UK Crown Dependencies Set Date for Wider Access to Beneficial Ownership Databases
Financial institutions vetting firms formed in the U.K. crown dependencies of Guernsey, Jersey and the Isle of Man will have access to government-run registers of beneficial-ownership data by 2022, one year before those governments plan to make the information publicly available.
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| Technical | Effectiveness |
|---|---|
| Compliant : 20 | High : 0 |
| Largely Compliant : 19 | Substantial : 2 |
| Partially Compliant : 1 | Moderate : 6 |
| Non-Compliant : 0 | Low : 3 |
Isle of Man's technical compliance was re-rated in a follow-up report on Oct. 23, 2020.
| Rank : N/A |
| Score : N/A |
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| Rank : 43/133 |
| Score : 65/100 |