11 March 2026: Money Laundering Risk Assessment Released

The Isle of Man has today published the 2026 National Risk Assessment for Money Laundering.

The document confirms that the Island’s overall ML risk remains broadly stable, providing a comprehensive picture of threats and vulnerabilities. The document reinforced the importance of continued vigilance and strong cross‑government, regulatory and industry collaboration in maintaining an effective AML/CFT framework. 

Other Publications

Alongside this, the updated National Risk Assessment for the Trust and Corporate Service Providers (TCSP) sector has also been published. The assessment recognises strengthened controls and the strong partnership already in place across government, regulators and industry, with its findings helping to shape future supervisory engagement and the forthcoming National Action Plan.

Actions

Operators must review their risk framework, including any relevant customer risk assessments and business risk assessments, in line with internal policies and procedures for a trigger event.

Operators must update their business risk assessment (BRA) to reflect findings from the latest NRA. Operators should also consider whether customer and technology risk assessments (CRAs, TRAs) also require revision. They are expected to demonstrate how identified risks have been considered and mitigated, ensuring systems and controls are effective and proportionate.