The Financial Services Authority is launching a review into how firms comply with counter-terrorism financing rules.
On-site inspections will begin in April and continue over the next 12 to 18 months.
It aims to assess how well businesses are complying with the Island's legislation for combatting money laundering and terrorist financing.
Officials say the project will help test controls, highlight best practice and improve the Island's response to these criminal risks.
Wins for Island tradespeople in skills contest
Six Island apprentices have taken first place in a competition between the three Crown Dependencies.
Coffee shop premises up for sale
The premises of a Douglas coffee shop have gone on the market.
More time to enter Manx Menu competition
If you'd like to take part in a contest to find the Island's ideal taste, you're in luck after the deadline for entries was extended.
Island's evidence used in MONEYVAL report on virtual assets
The Island's given evidence for a report by Europe's money laundering watchdog warning of the risks posed by virtual assets.
Former dentist's surgery up for sale
A former dentist's surgery in Ramsey could be yours.
Financial crime events being held by the FSA
Businesses are being offered the chance to learn more about financial crime in two separate events.
Businesswomen invited to sign up for free mentoring
Applications are now open for the Women Business Leaders Mentoring Programme.
Six entries added to Sudan sanctions list
The government says six people have been added to the UK's Sudan sanctions regime, which applies to the Island.
