Work underway to set up financial intelligence unit 

Improvements will be made to ensure the Isle of Man is protected against money laundering and terrorism. 

That's according to the Chief Minister who says work is underway to set up an independent Financial Intelligence Unit and Asset Recovery Unit. 

It follows a fifth evaluation by MONEYVAL which found the areas needed investment - Howard Quayle says the outlay will be worth it: 

The Island has 12 months to report back to the body to confirm that improvements have been made - Mr Quayle says it's in the Island's best interests to comply: 

You can find a link to the full report here.