Isle of ManThe Isle of Man Financial Services Authority publicized updates made to seven sanctions regimes issued by U.K. Foreign, Commonwealth and Development Office.
The Isle of Man Financial Services Authority posted updates to the Russian, Belarusian, and Cyber sanctions regimes issued by U.K. Foreign, Commonwealth and Development Office.
Australian AML probe of Star Entertainment Group expands, South Africa’s Standard Bank fined by the Isle of Man, and more, in the weekly roundup.
Bank of Cyprus fined nearly $1 million for AML lapses, U.K. gaming operators continue to flaunt compliance rules, and more, in the weekly roundup.
The Isle of Man Financial Services Authority imposed a fine of £247,324 on the Isle of Man-based financial institution for serious regulatory failures, including violations of its anti-money laundering and counterterrorist financing obligations.
| 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 |
| Rank : N/A |
| Score : N/A |
| Rank : 43/133 |
| Score : 65/100 |