An Island company will pay a £120,000 penalty after admitting failing to maintain anti-money laundering rules.
The Financial Supervision Commission says it inspected Capital International in August 2022 as part of a wider review of parts of the Island's money-laundering code.
The FSC says it found failings in procedures, controls and risk assessments around politically exposed people.
It fined the company £170,851 but applied a 30 per cent discount for Capital International's cooperation.
Scents and scentability in Peel this weekend
A shop in Peel will open its doors to the public for the first time this weekend.
Airport passenger figures rise 7.5% in August
Last month saw a huge jump in the number of passengers using Ronaldsway Airport.
HMRC adds two Island-based schemes to tax avoidance list
The UK taxman says it's identified two new tax avoidance schemes based in the Isle of Man.
Chilli fest to feature pepper eating competition
The Island's only chilli farm says it's hoping to blow people's minds - and taste buds - at a special event next weekend.
Most public Island EV chargers to be replaced
Manx Utilities has revealed it’s to swap over charging points around the Island for electric vehicles.
No taxpayer's money spent on King Gaming, says chief minister
The government says it hasn't given any money to an egaming company linked to an international scam.
Internet network probe 'finished soon', says regulator
An investigation into the Island's telecoms infrastructure will conclude soon.
Island deposits rise by £1.1 billion
The Island's financial regulator says more than a billion pounds arrived on the Island between March and June.
