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.
Island included in book about bypassed tourist spots
The Isle of Man's been featured in a new book about lesser-visited holiday destinations.
UK Dandara subsidiary loses £5.4 million tax court battle
A UK court has ruled corporation tax applies to profits made by a Manx-based company.
Peel Ports gets new chief operating officer
The owner of Dublin, Heysham and Liverpool ports has a new chief operating officer.
Income tax return deadline approaching
There's just over a month left to submit your personal income tax returns.
Businesses invited to help save lives at motorsport events
Could your business help save lives at the Island's motorsports events?
Northern burger shop announces closure
A burger shop in the North has announced it's closed.
Island to be represented at Cannes Yachting Festival
The Isle of Man will be at the Cannes Yachting Festival next month.
New rules for charities to be considered
New financial rules for charities will be considered later this year.
