The government has published its refreshed Financial Crime Strategy and a new National Action Plan.
The plans set out how the island will strengthen its response to money laundering, terrorist financing and proliferation financing over the coming years.
The updated Strategy covers 2026 to 2031 and follows the completion of the latest National Risk Assessment cycle.
Government says the documents show how regulators, law enforcement, industry and Government agencies will continue to work together to protect the island, maintain international standards and support a diverse economy.
All Island Approach
The Strategy retains the island’s mission of an “all‑island approach to tackling financial crime” and continues the same four overarching aims, while the National Action Plan translates recent risk‑assessment findings into a programme of practical actions.
Justice and Home Affairs Minister Jane Poole‑Wilson MHK said: “The previous Strategy reaches the end of its current cycle this year, and having now completed the latest National Risk Assessment programme, it is the right time to set out both our strategic direction for the years ahead and the practical actions that flow from that work.
“These documents reflect the considerable effort that industry, regulators, law enforcement and Government agencies have invested together. They demonstrate the Isle of Man’s continued commitment to maintaining and evidencing a robust and proportionate framework for countering financial crime, build on the extensive work undertaken through the National Risk Assessments and set out how the island will continue to respond to identified risks in a coordinated and practical way.
“The Isle of Man remains committed to meeting international standards, to continuous improvement, and to remaining open for business while being firmly hostile to financial crime.”
