An Island company will pay a £120,000 penalty after admitting failing to maintain anti-money laundering rules.
The Financial Supervision Commission says it inspected Capital International in August 2022 as part of a wider review of parts of the Island's money-laundering code.
The FSC says it found failings in procedures, controls and risk assessments around politically exposed people.
It fined the company £170,851 but applied a 30 per cent discount for Capital International's cooperation.
More than 400 cyber-threats reported in two months
The Cyber Security Centre for the Isle of Man has released its latest threat update.
FlexyStaff Launches on the Isle of Man, giving local businesses and workers a better way to fill shifts.
FlexyStaff, the on-demand staffing app, has officially launched on the Isle of Man, giving local businesses a quicker way to cover shifts and giving Island workers more control over when and where they work.
Praase announces new home in the south of the Island
Spud lovers in the south of the Island could be in for a treat - after a catering company revealed it's relocating.
CyberIsle returns to Santon next month
A huge cybersecurity event will be returning to the Isle of Man for its eighth year next month.
Santon to host sustainable finance event
The Isle of Man will be hosting an event about sustainable finance in Santon next month.
Digital Isle of Man set for SBC Summit in Lisbon
The Isle of Man will be at an igaming conference in Portugal next week.
What do you think of your bank?
A research company is asking for your views on your bank.
Employment and careers survey wants graduate input
The Department for Enterprise wants to hear from young professionals about work and employment.
