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Is any nation fully compliant?

MHK for Douglas East, Clare Bettison

MHK warns ahead of fraud consultation

An MHK has warned against complacency in regulation - and says no jurisdiction can ever claim to be fully 'clean'.

Clare Bettison was speaking as a new consultation was launched aimed at tackling fraud and other financial crime.

The Manx finance sector has been under the spotlight several times in recent months - including a damning MONEYVAL assessment last year, the release of the Paradise Papers, and most recently, inclusion on a European 'grey list' of low tax nations.

Government maintains efforts are ongoing to promote the Island as a well-regulated business hub.

Miss Bettison agrees - but insists work must continue:

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