Island's finance sector to be reviewed next year
The Isle of Man Chamber of Commerce says a positive Moneyval assessment is vital to ensure the Island can continue doing business on the international stage.
The Island's finance, legal and law enforcement sectors are due to be reviewed by the anti-money laundering body in October next year.
Research from the International Monetary Fund shows a negative assessment can impact a jurisdiction's GDP by between 6-7 percent.
Chamber president Claire Watterson warns it would also hinder future business:
'Absolutely right' that Island follows energy VAT cut says former treasury minister
Tynwald to debate member's conduct following Facebook post
Manxman to remain in dry dock for 'further necessary repairs'
Minister welcomes airline's confidence in market
