BUSINESSES are being urged to return the registration/questionnaire forms sent to them as part of the campaign to further strengthen the Isle of Man's anti-money laundering laws.
The Criminal Justice (Money Laundering) Code 2007 has been updated to ensure the Isle of Man complies with international standards and continues to play its part in the worldwide fight against crime and terrorism.
The main thrust of the code is that it extends to any business dealing in goods which accepts cash payments of 15,000 euros or more – or the equivalent in any currency including sterling.
Consequently, businesses such as car dealerships, jewellers, estate agents and auction houses were sent an instruction manual in August to outline their responsibilities and to provide practical support and guidance.
The registration/questionnaire contained within the manual must be returned to the Department of Home Affairs by 5pm on Friday, September 26.
Source: IoM Today
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment