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.
Premium estate agent launches new license on Island
Premium property agent Fine & Country has launched a new license on the Isle of Man.
Signs approved for estate agent's new office
A local estate agent that's opening a new location in the south has had a planning application approved.
Number of aircraft registered here declining since 2022
The number of new aircraft being registered by the Isle of Man aircraft registry has been declining steadily since 2022.
Post Office profits up by over a million pounds
The Post Office says it's profits rose by more than a million pounds last year.
Information Commissioner partners with Jersey
The Island's information commissioner is joining forces with Jersey to understand the data protection challenges faced by organisations.
New parental leave laws approved
Tynwald has approved new legislation about shared parental leave and bereavement leave.
Gambling regulator publishes feedback about proposed law changes
The Island's gambling regulator has published feedback about proposed changes to the Island's laws.
Manx flour to be stocked in Spar stores
Something truly Manx is rising!
