Isle of ManHM Treasury’s Office of Financial Sanctions Implementation published a notice providing details on amendments to the sanctions entries for three individuals and one entity designated under the Russia (Sanctions) (EU Exit) Regulations 2019.
HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the addition of 42 individuals and 44 entities to the consolidated list pursuant to the Russia (Sanctions) (EU Exit) Regulations 2019.
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 fined the accounting firm £4,127 for anti-money laundering and counterterrorist financing violations, particularly in relation to its client base of foreign politically exposed persons.
The Isle of Man Financial Services Authority issued a civil penalty of £11,348 discounted by 30% to £7,944 against the regulated entity for self-reported anti-money laundering and counterterrorist financing failures.
| 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 |