29 May 2025: Island National Risk Appetite statement published

The National Risk Appetite Statement (NRAS) aims to enhance the Island's risk mitigation framework within the eGaming sector and other related industries. This initiative underscores the Isle of Man's commitment to maintaining a secure and robust economic environment and adhering to international standards.

The NRAS has been developed in response to emerging risks presented by an increasingly complex criminal landscape in East and Southeast Asia, which includes the exploitation of casinos and eGaming platforms.  

It sets out the Island’s appetite towards risks identified and provides clear guidelines for businesses to evaluate and manage risks associated with new and existing business relationships, particularly in sectors linked to eGaming. The NRAS emphasises the importance of proportionate enhanced measures to control risks where higher risk factors are identified.

Minster for Justice and Home Affairs, Jane Poole-Wilson MHK, commented:

‘Serious and organised transnational crime is a global threat, and the Isle of Man is committed to playing its part in disrupting this activity. The National Risk Appetite Statement is a crucial step in ensuring that our economy remains strong and diverse, while protecting our Island, its people, and its businesses from exploitation. The Isle of Man is open for good quality, reputable business. To support those aims, this Statement will provide to industry and wider stakeholders the clarity they need.’

The NRAS is supported by a Typologies document prepared by the Financial Intelligence Unit, which outlines specific activities and jurisdictions that must be considered. A second and more comprehensive National Risk Appetite Statement, incorporating the wider business community, is scheduled for publication later in 2025.

Frequently Asked Questions

For more information, a set of Frequently Asked Questions has been produced, these will be updated regularly as initiatives progress.

National Risk Appetite Statement (NRAS)

You can view and download the National Risk Appetite Statement (NRAS) here.