On Air Now Matt Fletcher 6:30am - 9:30am Email
Now Playing Brown Eyed Girl Van Morrison Download

Prepare now for MONEYVAL inspection, says FSA

The Island's financial regulator is urging companies to get ready for a European inspection of our money-laundering laws.

The Financial Services Authority says MONEYVAL, a Council of Europe body, will inspect the Island either next year or the year after.

In its newsletter to businesses, the FSA says it's making preparations now to make sure we get a high rating.

It says if we're placed on a grey-list because our laws aren't strong enough, it could cost the Island 20 per cent of its GDP.

More from Isle of Man Business

Recently Played

Listen Live Listen