The Isle of Man Financial Services Authority has issued minor updates to its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Handbook, revising guidance on financial inclusion and de-risking, simplified due diligence, and timelines for implementing changes arising from the National Risk Assessment. The revisions update the Handbook’s treatment of financial inclusion and the concept of de-risking, clarify how simplified due diligence measures may be used, and specify the implementation timeline for National Risk Assessment-related changes. The Authority positions the Handbook, alongside the Supplemental Information Document and sector-specific AML/CFT guidance, as part of its outreach to support Island firms in meeting AML/CFT obligations and encourages regulated entities and designated businesses to review the updated material and take appropriate risk-mitigation actions. Clean and tracked-changes versions of the Handbook have been published, and the Authority invites feedback on the Handbook.
Isle of Man Financial Services Authority 2026-04-01
Isle of Man Financial Services Authority updates AML/CFT Handbook guidance on de-risking, simplified due diligence and National Risk Assessment implementation timelines
The Isle of Man Financial Services Authority has issued minor updates to its Anti-Money Laundering and Countering the Financing of Terrorism Handbook, revising guidance on financial inclusion and de-risking, simplified due diligence, and implementation timelines for National Risk Assessment-related changes. It highlights the Handbook, Supplemental Information Document and sector-specific guidance as key AML/CFT compliance tools and encourages regulated entities and designated businesses to review the updates and adjust their risk-mitigation measures.