On Air Now More Music 1:00am - 8:00am Email
Now Playing Hold On Wilson Phillips Download

Financial crime unit to undergo 'shake-up'

The Island's financial crime unit will undergo a shake-up in a bid to strengthen our defences against money laundering and terrorism.

New legislation could be brought in ahead of a major external investigation which will take place next year - that will look at how we comply with international standards. 
 
Chief Minister Allan Bell says it's important: 
 
 
The Financial Intelligence Unit Bill would see a separate unit created which has enhanced information gathering powers - this would function separately from police investigations.
 
Mr Bell says the world has changed and we have to get this right: 
 

More from Isle of Man News


Listen Live Listen