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.
Awards recognise sustainability
Businesses and individuals were given awards for sustainability initiatives this week.
FSA needs people on its board
Could you help regulate the Island's financial services?
American family trace Manx ancestry thanks to local business
A Manx business has helped an American family retrace their ancestry on the Island.
Businesses get speed dating event
A business speed networking event will be held later this month in Douglas.
Meeting will debate Island's economic success
Is the economy working for you?
Annual cybersecurity event a fortnight away
There's only a fortnight to go until the Island's annual cybersecurity conference.
Don't fall for fraudsters, says bank
Isle of Man Bank is warning people not to fall for fraudsters.
Manx gin heads to Europe
A Manx distillery says it's ready to deliver overseas.
