FSA CEO says Island is committed to meeting international standards
A Tynwald Committee has been told there is a maximum effort in place ahead of the Moneyval examination of the Island next year.
It will take place just after the General Election in September.
Moneyval is a permanent monitoring body of the Council of Europe, entrusted with assessing counter money laundering measures and the financing of terrorism.
Chief Executive Officer of the Financial Services Authority, Bettina Roth, has told the Economic Policy Review Committee there is a united front to answer any challenges for the Island:
Meanwhile, appearing on Manx Radio's Mannin Line programme this lunchtime (22 July), Chief Minister Alfred Cannan admitted it is a difficult balance trying to make sure the Island passes the assessment, whilst still encouraging business here.
He says he and his administration are taking the assessment 'very seriously':
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Tynwald petitioners advised to seek advice