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.
New gym being launched in historic church
A new gym has offered a sneak peek inside the church where it's setting up shop.
Construction careers fair next month
An event in Braddan next month will showcase opportunities in the Island's construction sector.
Regulator asks businesses for info to fight financial crime
The Gambling Supervision Commission's calling on businesses to give information which helps fight money laundering and terrorist financing.
Chamber of Commerce wants members for election task force
The Island's chamber of Commerce is asking its members to sign up for an election task force to shape government policy.
Bank deposits rose over past year
The amount of money deposited in Island banks has risen over the past year, according to the Financial Service Authority's latest statistics.
Innovation and Investment forum expands to Island
A new innovation and investment network is being launched in the Island.
Conister Bank boosts local charity with record donation
Conister Bank has surprised The Children's Centre by donating a new minivan.
Paragon Recruitment merges with HR company
A Douglas recruitment firm says it's completed a management buyout and merged with a HR company.
