The Isle of Man Financial Services Authority has confirmed that amendments to the Isle of Man’s anti-money laundering and countering the financing of terrorism framework for the virtual asset service provider sector, including updates linked to the Travel Rule regime, took effect from 20 March 2026. Developed with the Department of Home Affairs and the Treasury and progressed through Tynwald, the changes include the Travel Rule (Transfer of Virtual Assets) (Amendment) Code 2026 and the AML/CFT (Civil Penalties) (Travel Rule) (Amendment) Regulations 2026. The revisions follow consultation and collaboration with the island’s VASP sector to ensure the application of the Travel Rule Code 2024 remains appropriate while continuing to meet required international standards. Relevant sector guidance is being updated to reflect the legislative changes.
Isle of Man Financial Services Authority 2026-03-23
Isle of Man Financial Services Authority brings Travel Rule AML CFT amendments for virtual asset service providers into force
The Isle of Man Financial Services Authority has implemented amendments to its anti-money laundering and countering the financing of terrorism framework for the virtual asset service provider sector, effective 20 March 2026. These changes, developed with the Department of Home Affairs and the Treasury, include updates to the Travel Rule regime and related regulations. Sector guidance is being updated to align with these legislative changes.