An Island company has been hit with a civil penalty of almost £2 million by the financial regulator over due diligence and risk assessments.
RL360 was inspected by the Financial Services Authority, which says it found problems in measures to tackle money-laundering and monitoring high-risk customers.
The FSA imposed a penalty of £2,785,714, discounted to £1,950,000 after the company cooperated with the investigation.
The regulator also issued four learning points for the industry.
VIBE named top of the tastes!
A vegan cafe in Douglas has been named overall winner of this year's Manx Menu contest.
Two cruise ships in one day this week
This week will see one of the busiest days of the year for cruise passengers, as two vessels arrive on the same day.
Sanctions regimes against Russia and Syria updated
The Financial Services Authority says businesses on the Island should check their records after two sanctions regimes were updated.
Court to consider Wetherspoons licensing changes
The Island's first Wetherspoons will be in court next month as it makes a licensing application.
Income tax deadline approaches for employers
Employers and contractors are being reminded the deadline for tax returns is fast approaching.
FSA updates sanctions against Belarus, Iran, Russia and Syria
The Island's financial regulator says it's updated a number of Manx sanctions regimes.
Peel gym is getting a makeover!
A gym in the west of the Island could get a facelift under new plans.
