Category Archives: News Around

News around Isle of Man

Financial Sanctions: Russia

This news release is issued to publicise the addition of 206 entries to the Russian sanctions regime.
The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act)…

Jersey aligned with Isle of Man’s corporate tax approach

Treasury Minister David Ashford MBE MHK today welcomed the publication of a policy paper by Jersey on the reforms to international tax rules currently being finalised by the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS).
Minis…

Financial Sanctions: Russia General Licence

General licence – IOM/2022/RUS013
The Treasury has revoked General Licence IOM/2022/RUS013.
This is following the sale of the Russian Railway’ stake in GEFCO to non-designated persons, meaning GEFCO is no longer impacted by IOM sanctions.
Further detai…

Reminder – Coronavirus support schemes’ data to be published at the end of April

The Isle of Man Government is reminding all businesses and sole traders that it will be publishing details of payments made under the various Coronavirus support schemes at the end of April.
The Department for Enterprise and Treasury have confirmed tha…

Financial Sanctions: Russia

This news release is issued to publicise the amendment of 3 entries to the Russian sanctions regime.
The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) …

Financial Sanctions: Bosnia and Herzegovina

This news release is issued to publicise the addition of 2 entries to the Bosnia and Herzegovina sanctions regime.
The Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020 (S.I. 2020/608) were made under the Sanctions and Anti-Money Laundering…

Financial Sanctions: Russia General Licence amendment

General licences – IOM/2022/RUS003
General licences – IOM/2022/RUS006
General licences – IOM/2022/RUS011
General licences – IOM/2022/RUS013
The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a number of…

Financial Sanctions: Russia General Licence

General Licence IOM/2022/RUS016
The Treasury has the power to issue General Licences for financial and trade sanctions regimes under a number of Regulations.
On 8 April 2022, the Treasury issued General Licence IOM/2022/RUS016 under regulation 64 of th…

Consultation launched into Trusts and Trustees Bill 2022

A Bill which aims to provide clarity and convenience for users of Manx trusts and local trust practitioners is the focus of a consultation launched today (Monday 11 April) by the Isle of Man Government.
The draft Trusts and Trustees Bill 2022 aims to m…