The Isle of Man Financial Services Authority and the Treasury's Customs and Immigration Division have shared a recorded webinar with industry on sanctions compliance, using it to reinforce that effective sanctions processes and controls must form part of a firm's wider compliance framework. The presentation outlines supervisory and enforcement expectations in 2026 and reiterates that all relevant persons in the Island must understand their sanctions obligations, with United Nations and UK sanctions automatically implemented and enforced in the Isle of Man by Customs and Immigration. The webinar covers Financial Intelligence Unit reporting requirements and firms' obligations under the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019. It points firms to documented controls for identifying, managing and mitigating sanctions risk, including robust screening, customer due diligence, clear escalation processes and evidence of transaction monitoring. The release also places the webinar within a broader cross-agency sanctions outreach effort and highlights related materials already available to firms, including sanctions guidance, sanctions lists and reporting information, as well as the Authority's Phase 1 questionnaire findings from 596 regulated and registered firms and its Phase 2 inspection report on good practice and areas for improvement.

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