Private sector to be tested on crime prevention measures

Wednesday, 21 October 2015 00:00

Businesses on the Isle of Man will be tested to see if they're adequately protecting themselves from criminals.

The Designated Businesses Act 2015 will come into force next week - it aims to protect the Island from money laundering and the financing of terrorism.

Dan Johnson is from the Financial Supervision Commission - he tells us who it will affect:

Registration opens in November - the businesses will then have their procedures and systems tested and feedback provided.

Dan says it's very much a proactive step:

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