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.
Are you loyal to your bank?
Can you help a market research company understand customer loyalty on the Isle of Man?
Health & Safety regs to be eased for some self-employed?
The government is set to ease health and safety regulations for some self-employed people.
Security focus for Island cyber-conference this year
The date's been set for one of the Island's biggest technology conferences.
No money given to Island immigrants, says Locate IOM
Locate Isle of Man says it hasn't paid any money to anyone who's moved to the Island in the past two years.
Restaurant delighted with west's welcome
An Indian restaurant has thanked its customers after it swapped the south for the west.
Shops, cafe, clinic and childcare plans for the Nunnery
The Nunnery says it wants to be able house food and drink outlets, shops, clinics and childcare facilities in future.
MHK queries tax allowance changes
How much did the government make last year from lowering personal tax allowances for high earners?
New agreement to simplify NI rules
The government says a new agreement with the UK will simplify National Insurance rules.
