Isle of Man Financial Services Authority

The information provided here is for general informational purposes only and is not intended to constitute legal or professional advice. It is provided 'as is' and should not be considered a substitute for a comprehensive review against the relevant laws and regulations as they apply to your company.

In the Isle of Man’s premier financial ecosystem, compliance with the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019 and the IOMFSA AML/CFT Handbook is not merely a legal requirement, it is the bedrock of your license to operate.

The Authority’s regulatory framework demands a demonstrable, risk-based approach to preventing financial crime, placing a heavy onus on firms to conduct rigorous Customer Due Diligence (CDD), maintain dynamic Business and Customer Risk Assessments, and perform relentless ongoing monitoring. For Boards and MLROs, the challenge lies in operationalising these complex statutory obligations to a forensic standard without stifling commercial activity or creating unmanageable administrative burdens.

We understand that firms regulated by the Isle of Man Financial Services Authority (IOMFSA) must carefully evaluate any third-party solution. The selection of an CDD and AML platform, such as Verify by Tiller, is subject to specific regulatory obligations. These include:

IOMFSA AML/CFT Handbook

As the regulated entity, you retain ultimate responsibility for compliance. However, we at Tiller are committed to providing you with the necessary information and support to help you meet your regulatory obligations.

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