The Isle of Man Financial Services Authority highlighted an Isle of Man Government release on UK and US sanctions targeting a network operating illegal scam centres linked to Southeast Asia, with measures described as freezing millions of pounds’ worth of property, business and other assets and excluding the network and its enablers from the UK financial system. Under the Sanctions Act 2024, UK sanctions apply automatically in the Isle of Man and all persons in business or a profession, including financial institutions, must check whether they hold or control any funds or economic resources for individuals or entities on the lists and take the necessary actions. The release links the designations to risks set out in a Financial Intelligence Unit typology document and the Isle of Man Government’s 2025 National Statement on eGaming and Financial Crime, describing scam centres in Cambodia, Myanmar and across the region that have run online fraud, including purported cryptocurrency investment schemes, with proceeds laundered through front businesses, online gambling platforms and various payment methods. The update also pointed to cooperation between Isle of Man law enforcement and overseas counterparts, ongoing work on high-value transnational money laundering cases, and continued improvements to domestic information-sharing pathways, alongside publishing further sanctions guidance.

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