An Island insurance and wealth management company must pay £87,108 after admitting regulatory failures.
Isle of Man Assurance, based in Hope Street in Douglas, was investigated by the Financial Services Authority over allegations about its anti-money laundering and counter-terrorism financing procedures.
Customer risk assessments also hadn't been carried out properly.
The FSA imposed a £124,440 civil penalty but discounted it because the company had cooperated with the investigation.
FSA warning residents about scam posing as chairman
The Financial Services Authority is warning people about an attempted fraud which sees scammers posing as its chairman.
Douglas cocktail bar recognised by international ranking body
A cocktail bar in Douglas has been recognised by a prestigious international ranking body.
Planners refuse TT foodies market
A TT food market - set up because local businesses can't afford high costs of pitches - has been told it can't go ahead.
Over £7,000 raised for charity through Cannaccord cycling event
A wealth management company has sponsored a cycling event for a local charity.
Braddan company wants to convert office into housing
A company's applied for permission to turn an office in Douglas into residential housing.
Foreign exchange brokerage sponsor walking footballer
A leading walking footballer has received sponsorship from an Island foreign exchange currency brokerage.
Minister says 10 year plan being drawn up for hospitality and retail
Enterprise Minister Tim Johnston says his department is working on a 10-year strategy to help the struggling retail and hospitality industries.
Sponsors needed for StemFest
The Department of Enterprise is looking for sponsors for its annual StemFest event.
