FATF consultation on proposed changes to Recommendation 1

The Financial Action Task Force (FATF) is considering proposals for amendments to Recommendation 1 and its Interpretive Note to require countries and the private sector to identify, and assess the risks of potential breaches, non-implementation or evasion of the targeted financial sanctions (TFS) related to proliferation financing, as contained in FATF Recommendation 7, and to…


Consultation Response – Minimum Capital Requirements for Non Long-Term Business PCCs and ICCs

The Isle of Man Financial Services Authority has today published a Consultation Response (CR20-05/T04) following its consultation to obtain views on the minimum capital requirements for PCCs and ICCs under the Insurance (Non Long-Term Business Valuation and Solvency) Regulations 2020. Source: IOMFSA (30 June 2020)