Category Archives: News Around

News around Isle of Man

Prohibition on the Importation of Crude Oil or Petroleum Products from Syria

This news release notifies the coming into force throughout the European Union of Council Regulation (EU) No 878/2011 regarding sanctions against Syria

Premium Remittance Online Bank

The Commission has recently become aware of a website which purports to represent an entity calling itself Premium Remittance Online Bank, falsely claiming to be using the address of 15 Bucks Road, Douglas, Isle of Man IM1 3PZ

Department of Economic Development announces proposed increase to the minimum wage

Following a recommendation by the Minimum Wage Committee the Department of Economic Development is to submit Regulations to Tynwald in October which, if approved, will increase the Minimum Wage for workers aged 18 or over from £6.10 to £6.20 per hour.

Anti-Money Laundering and Countering the Financing of Terrorism Handbook (“AML/CFT Handbook”)

These amendments have been made as a result of the coming into force of the Prevention of Terrorist Financing Code 2011 on 1 September 2011

New Partnership Forged in Finance Sector

The Department of Economic Development (DED) has today announced a radical shake-up of Financial Services which will mean a more collaborative approach with industry and the creation of a new Public Private Sector promotional model allowing the sharin…