Island's finance sector to be reviewed next year
The Isle of Man Chamber of Commerce says a positive Moneyval assessment is vital to ensure the Island can continue doing business on the international stage.
The Island's finance, legal and law enforcement sectors are due to be reviewed by the anti-money laundering body in October next year.
Research from the International Monetary Fund shows a negative assessment can impact a jurisdiction's GDP by between 6-7 percent.
Chamber president Claire Watterson warns it would also hinder future business:
RPU will be 'out in force' to stop drink and drug drivers
Ramsey Commissioners to spend more than £8k on deckchairs and storage unit
How to spot the signs of domestic and elder abuse this Christmas
Police appeal to parents after party of up to 50 young people 'becomes an issue'