Creating a new stand-alone Financial Intelligence Unit will strengthen the Island's defences against criminal activity and protect our reputation.
That's the message from the Department of Home Affairs - it will tackle corruption, money laundering and the financing of terrorism:
The unit had previously been part of the police Financial Crime Unit - it will now liaise with law enforcement agencies and respond to international requests for help with criminal investigations.
Minister Juan Watterson says the staff for it are already in place:
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