Anti-Money Laundering Handbook published in Isle of Man

In July, the Financial Supervision Commission of the Isle of Man announced that its Anti-Money Laundering and Countering the Financing of Terrorism Handbook has been published with the exception of Section 9.

As regards Section 9, it will be included into of the Anti-Money Laundering and Countering the Financing of Terrorism Handbook after it is drafted following with further industry consultation.

The Financial Supervision Commission announced that the new Handbook will come into effect on August 1, 2008 so that it corresponds with the coming into effect of Part 9 of the Financial Services Rule Book. According to the Commission, the Handbook will replace the Money Laundering and Prevention of Terrorism Guidance Notes (April 2003).

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