On Air Now Jason Quinn 10:00am - 1:00pm Email
Now Playing Rule The World Take That Download

Money Laundering Problem Combatted

New Law Introduced to Prevent Cases Of Money Laundering

Steps have been taken to try and combat money laundering in the Isle of Man.

 

The Proceeds of Crime Act 2008 is to be fully introduced to the Island by 1st August, with an initial staggered introduction.

 

The new legislation will mean that confiscation and restraint orders can be issued and deemsters can issue search and seizure warrants.

More from Isle of Man News


Recently Played

Listen Live Listen