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.
Open day at new gym this weekend
A new gym in Douglas is opening its doors for the first time this weekend.
Businesses encouraged to have quiet hours for neurodivergent people
Businesses across the Island are being encouraged to introduce "quiet hours" in the wake of Autism Acceptance Month.
Chance of comeback for city centre takeaway
There's a chance a Douglas takeaway might get a new location and get back into business.
Workshop about neurodivergence in the workplace
A workshop about how businesses can support and benefit from neurodivergent employees will be held next week.
Island to host major shipping conference
A huge shipping conference will be held on the Island later this summer.
Regulator publishes info packs to prepare firms for MONEYVAL
The Financial Services Authority has published an info pack for companies to prepare for the Island's assessment by the European money laundering watchdog.
what3words founder to visit Island
The founder of one of the world's most popular navigation apps will give a talk on the Island next month.
Conference of Human Performance to feature industry leaders
A charity speaking event will bring together leaders in business, sport and the military next month.
