New Fraud Bill is 'logical and positive' step forward

Thursday, 2 February 2017 00:00

New fraud legislation will help maintain the safe Island feel "we're so keen to protect".

That's according to a Douglas East MHK who will introduce the Bill to the House of Keys on Tuesday.

The Fraud Bill will enable the prosecution of people who commit fraud here - or those who have intentions of committing it - currently crimes fall under the Theft Act 1981.

The Department of Home Affairs says it will 'enhance' the Isle of Man's reputation as a responsible international business centre.

Political member Clare Bettison says it's a "logical and positive" step in efforts to support economic growth:

More from Isle of Man Business

Crypto-asset company being investigated applies for dissolution

A crypto-asset company linked to an egaming firm at the centre of a money-laundering investigation has applied for dissolution.
Fox and Fyn mobile bar coming soon

A brewer and a distillery based on-Island are teaming-up to deliver a new bar concept.
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.