Regulatory Update: What's In Store For 2016

Adam Killip, an associate advocate within the regulatory & compliance services team in leading offshore law firm DQ Advocates, provides a useful summary of what to expect in 2016 if you are operating in the regulated sector.

During the course of 2016, regulated businesses on the Isle of Man are likely to face many challenges from a range of new regulatory measures and legislation. In this article, I review some of the key issues facing regulated businesses and provide some suggestions to ensure that such businesses are best prepared for the changes expected in the coming months.

National Risk Assessment and MONEYVAL Visit 2016

The Cabinet Office has now concluded its National Risk Assessment ("NRA") in respect of the money laundering and terrorist financing risks faced by the Isle of Man. The results are due to be made publically available early this year and presentations are ongoing to the various industry bodies to provide details of the process that has been