Isle of Man Financial Services Authority sets 2026 priorities around the MONEYVAL evaluation and national financial crime risk assessments

The Isle of Man Financial Services Authority has published a New Year update from its Chief Executive Officer highlighting the 2026 MONEYVAL onsite evaluation, scheduled for late September and early October, as a key near-term focus and setting out how the Authority is working with government and industry on preparations. Work underway includes meeting deadlines for the Island’s submissions to MONEYVAL assessors and holding MONEYVAL country training sessions later in January 2026 covering the evaluation methodology, sixth-round rules of procedure, and developments in Financial Action Task Force standards. The Authority also reported that final steps are being taken to complete and syndicate sector and topic-based risk assessments that will feed into the National Risk Assessment and inform the Financial Crime Strategy and All-Island Action Plan, alongside stepped-up engagement with industry to help firms reflect identified risks in their own policies and procedures. Beyond the 2026 evaluation, the update notes that the Authority is exploring ways to harness data and technology, modernise frameworks, and support national initiatives aimed at fostering a diverse and sustainable economy.