The Isle of Man Financial Services Authority published an update on work to produce the Isle of Man’s third National Risk Assessment (NRA) covering money laundering, terrorist financing and proliferation financing, and revised the publication timetable for the planned sector and topic-based reports due to the volume of data required. Key outputs are now scheduled as follows: the terrorist financing report in early summer 2025, followed by the assessment of non-profit organisations; the money laundering report in autumn 2025; and the proliferation financing risk assessment in late 2025. The NRA findings are intended to inform national policies to counter financial crime, support firms in strengthening compliance frameworks, and help prepare for the MONEYVAL evaluation in October 2026. Work is being delivered through multiple government agencies in partnership with industry representatives and external experts. The authorities plan to step up outreach to provide updates on assessments, explain the revised delivery timetable in more detail, and encourage further industry input.
Isle of Man Financial Services Authority 2025-04-01
Isle of Man Financial Services Authority revises timetable for updated National Risk Assessment on ML TF and PF
The Isle of Man Financial Services Authority revised its timeline for the third National Risk Assessment on money laundering, terrorist financing, and proliferation financing due to extensive data needs. Key reports will be released in 2025 to inform policies and compliance frameworks before the MONEYVAL evaluation in October 2026. The work involves collaboration with government agencies, industry representatives, and experts, with plans for increased outreach to explain the revised timetable and solicit industry input.