The Isle of Man Financial Services Authority has published an online factsheet outlining targeted financial sanctions related to proliferation, terrorism and terrorist financing. It explains the main types of sanctions and the steps to take when a potential breach is suspected. The factsheet reminds Isle of Man firms to maintain strong sanctions policies, procedures, governance and controls. It emphasizes business, customer and technology risk assessments as critical to identifying customers and transactions linked to individuals, entities or jurisdictions associated with sanctions evasion. Regulated-sector personnel should report suspicions to their Money Laundering Reporting Officer or deputy, while individuals may make disclosures to the FIU.
Isle of Man Financial Services Authority2026-07-30
Isle of Man Financial Services Authority publishes factsheet on sanctions risks and breach reporting
The Isle of Man Financial Services Authority has published a factsheet on targeted financial sanctions and suspected breach reporting. Firms should maintain robust governance, controls and risk assessments to identify customers and transactions linked to sanctions evasion.