The Isle of Man Financial Services Authority has published an updated Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Handbook, revising and consolidating key guidance for regulated entities and designated businesses. The most material change is revised guidance on Commercially Exposed Persons (CEPs), now incorporated into the Handbook and replacing the standalone CEPs guidance issued in June 2025. The update also clarifies that the Business Risk Assessment and Technology Risk Assessment can be recorded in a single document, provides clarifications on introducers, updates dates relating to the National Risk Assessment throughout, and refreshes links to the Island’s Customs and Immigration Division website. Clean and tracked-change versions of the revised Handbook have been made available, and the Authority continues to invite feedback on the Handbook.
Isle of Man Financial Services Authority 2025-12-03
Isle of Man Financial Services Authority updates AML CFT Handbook including revised guidance on Commercially Exposed Persons
The Isle of Man Financial Services Authority has updated its Anti-Money Laundering and Countering the Financing of Terrorism Handbook, incorporating revised guidance on Commercially Exposed Persons. The update also allows for combined Business and Technology Risk Assessments and includes various clarifications and updates.