To stop terrorist funding and money laundering
Plans have been released on how to stop the Isle of Man being used to hide terrorist funding, and to crack down on money laundering.
A new strategy for tackling acts of financial crime has been published by the Manx Government.
It details four main objectives to tackle financing and money laundering, including; understanding threats, and pursuit of offenders.
Problems had been identified during a MONEYVAL evaluation in 2016 over the Island's ability to enforce the law in respect of financial crime.
Chief Minister Howard Quayle has said addressing these issues is a national priority.
The four goals outlined in the strategy, include; identifying and pursuing offenders, and ensuring the Island is hostile this type of offence.
Others strands involve taking the benefit out of offences by seizing monies involved in criminal proceedings.
The strategy details better data collection, industry cooperation and investment in the Financial Intelligence Unit as ways of improving the situation.
If you'd like to view the report, you can access it online at gov.im