21 July 2015
The Isle of Man’s role in the context of global anti-money laundering requirements
Jurisdictions must have appropriate anti-money laundering (AML) controls and ensure preventative are measures in place which combat the financing of terrorism (CFT). This will protect the global financial system from being used for financial crime.
One of the functions of the inter-governmental Financial Action Task Force (FATF) is to set the benchmark for the international standards in relation to combating money laundering and financing terrorism. The current recommendations were revised...