IOM linked to leaked documents

Monday, 27 January 2020 07:18

By Leanne Cooke @leannelily18

The Isle of Man's found itself linked to another huge trove of leaked documents about possible wrongdoing in international finance.

The Luanda Leaks look at dealings by Africa's richest woman, Sindika Dokolo - the daughter of a former leader of Angola.

Investigators are looking into claims she stole billions of pounds from the country and hid her fortune around the world.

One claim being looked into is how a Portuguese bank she part-owned set up an account for a shell company in the Isle of Man which then received a $50 million transfer.

More from Isle of Man Business

FSA releases new progress report on financial crime defences

The Isle of Man Financial Services Authority says progress has been made in strengthening the Island's defences against financial crime.
Changes planned for how government-run companies prepare accounts

Government-run companies could prepare their accounts for calendar years rather than financial years in future.
New business guide deals with stopping WMD financing

There's new guidance for Island companies to help them spot customers trying to finance weapons of mass destruction.
Office space up for rent at Ronaldsway Airport

Could your company take off at Ronaldsway Airport?
Have your say on the future of the Island's economy

The Isle of Man chamber of Commerce has launched an online survey about the future of the Island's economy.
Port St Mary hosts first business support drop-in session today

A series of business drop-in sessions will get underway in the south of the Island today.
Government releases guidance for businesses ahead of vape tax

The government's launched a new webpage with guidance for businesses as it introduces a new tax on vape products from October.
Survey shows low approval rating for Island clothing shops

Island women rate the offering from local clothing shops at just 3.5 out of 10, according to a new survey.