Isle of ManThe Isle of Man Financial Services Authority published a guidance aimed at helping licensed institutions with their regulatory obligations, including compliance with anti-money laundering and counterterrorist financing requirements.
The Isle of Man Financial Services Authority highlighted recently published notices on new and updated information regarding the sanctions regimes for Iraq, Belarus, the Democratic Republic of the Congo, South Sudan, Somalia, Iran, and sanctions targeting violations of Global Human Rights.
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 |