In our ongoing commitment to keep you informed about the latest regulatory updates, SolutionsHub is pleased to announce an upcoming webinar. This event is hosted by the Isle of Man Financial Services Authority.
The webinar is part of the Authority’s continuous efforts to engage with and support designated businesses. It provides them with necessary tools and strategies to navigate the evolving financial landscape.
Key Topics of the Webinar
The webinar aims to provide an overview of key responsibilities and recent developments. The focus is on the financial sector, particularly Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT). These topics are crucial in today’s economic climate. Understanding them is vital for businesses to operate effectively and responsibly.
The recorded webinar will delve into a range of subjects. These include AML/CFT obligations and guidance, annual returns, changes to fees, and the necessity of registration for operation. This comprehensive presentation is set to be published online later this month. It targets Island businesses and professions that fall outside the regulated financial services sector.
Designated businesses, also known as DNFBPs, encompass a variety of professions. These include accountants, bookkeepers, crypto companies, estate agents, payroll agents, and tax advisers.
The Authority’s oversight of these business activities is a testament to its dedication. It focuses on consumer protection, reduction of financial crime, and maintenance of confidence in the financial services sector.
Engagement & Feedback
We encourage firms to provide feedback and highlight any topics they would like the Authority to cover in the webinar. Your comments and questions will help shape the content of the webinar. This ensures it is as relevant and useful as possible. Please email your feedback to dnfbp@iomfsa.im by the close of business on Monday 12 June 2023.
Once the recording is available on the Authority’s website, the link will be shared online and across social media platforms. The AML/CFT Supervision Division has been actively adding to its library of webinars. They provide updates on AML/CFT Statistical Returns, Beneficial Ownership, and the foreign Politically Exposed Persons (PEP) thematic.
Stay tuned for more regulatory updates. Remember, staying informed is the first step towards success in the financial sector.
If you have any questions or need assistance, click the following link to book a consultation.