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.
Businesses needed for seaside kiosk
Port Erin Commissioners say they're looking for people with business ideas to rent a beachside shed.
Businesses who wouldn't recommend IOM almost triples in 8 years
Around 20 percent of local companies say they wouldn't recommend the Island as a place to do business.
M&S officially opens new-look Douglas food hall
Percy Pig and Colin the Caterpillar were on hand this morning to help officially open Marks and Spencer's new food hall.
Unemployment falls in October
Unemployment fell on the Island last month, according to the latest official figures.
Staff, energy and materials blamed for price rises
Around 45 percent of Island businesses say they've had to up their prices over the past six months.
Made in Mann labels to get update
The enterprise minister says an updated labelling scheme for Manx produce is set to be unveiled next year.
Quarry valuations queried in Tynwald
The minerals in the Island's quarries haven't been fully valued in three years.
More people falling under income tax threshold
The number of people who aren't required to submit a tax return has been rising steadily over the past four years.
