Monitoring body puts IoM at 'enhanced follow-up' stage
The Isle of Man will no longer report to MONEYVAL on an annual basis.
MONEYVAL is a monitoring body of the Council of Europe, which makes sure countries comply with international standards to counter money laundering and financial terrorism.
Government says it's a positive reflection of the Island's financial framework and is a reassurance to the industry.
The decision was made to no longer report to the body at the 61st MONEYVAL Plenary Council meeting.
The Island is now at a stage known as 'enhanced follow-up', until an 'on-site review takes place'.
Chief Minister Howard Quayle says it's a significant milestone and shows the commitment to playing a part in a 'global fight to tackle financial crime'.
Payroll firm reprimanded after thousands of personal records discovered in abandoned shredding bins
Local food van 'disappointed' not to be visiting Castletown after offering 42 dates
Concern in Northern Ireland over fishing visas
Island offers consumer fuel protection advice
