Island maintains 'medium high' risk level for money laundering

The government's released a new national money laundering risk assessment for the Island.

It shows the Isle of Man is still rated as having a 'medium high' risk level, which is unchanged since 2020. 

A separate report shows the same level of threat for the trust and corporate service providers sector, which accounts for three percent of national income with 2,000 employees. 

Justice Minister Jane Poole-Wilson says the fact the Island's kept the same risk profile shows how strong its regulatory system is. 

You can read the full report here.