OCT 2026 - IOM's MoneyVal evaluation is confirmed

The next independent assessment of the Isle of Man’s effectiveness in countering financial crime is scheduled for next year.

MONEYVAL, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism has confirmed that it will conduct its onsite evaluation of the Island in October 2026.

Preparations are already well advanced across multiple Government agencies, while industry involvement will be stepped up from Q2 of 2025.

The objective is to demonstrate that the Isle of Man complies with international standards and remains well-placed to attract quality new business and investment. The outcome of the MONEYVAL mutual evaluation report (MER)   will be crucial to the Island’s continued economic success and reputation as a well-regulated international finance centre.

An updated National Risk Assessment and a documented Risk Appetite Statement for the Island will be published later this year. Data gathering and analysis are being enhanced as part of these initiatives to support the Island’s commitment to combating money laundering, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction.

MONEYVAL, the regional body of the Financial Action Task Force (FATF), assessed the Island’s legislation, policies, and procedures during its last on-site visit in 2016. 

The 2016 MER provided a comprehensive assessment of how well the Island had implemented the international requirements and highlighted areas for further enhancements.

• https://www.fatf-gafi.org/content/dam/fatf-gafi/fsrb-mer/Mutual-Evalutaion-Isle-of-Man.pdf.coredownload.inline.pdf

A significant amount of progress has been achieved since the 2016 evaluation, with the Island positively marked in 39 out of the 40 FATF recommendations, placing us among a select group of nations worldwide for technical compliance in AML/CFT.

The compliance standards in the sixth-round evaluation, which will take place in 2026, will be higher than before. The Island will be required to provide substantial evidence of the long-term effectiveness of its AML/CFT regime and how supervision and enforcement measures are applied in practice.

Private sector support is fundamental to the Island’s MONEYVAL preparations, and a programme of outreach and engagement with Island firms will continue to be rolled out in the time ahead.

Jane Poole-Wilson MHK, Deputy Chief Minister and AML/CFT lead for the Isle of Man Government, said:

• ‘Countering financial crime is a constant, year-round commitment for this Government.
• We take our responsibility to seriously protect our communities and businesses from criminality.
• The MONEYVAL evaluation in 2026 is an opportunity to showcase our continued efforts to remain a trusted and responsible member of the global community.’
• ‘Government cannot secure a favourable outcome alone. That’s why I want to ensure effective collaboration between industry, the government and the financial services regulator.
• We are driving a robust and coordinated national response which will demonstrate the integrity of the Island’s financial systems and maintain our long-standing track record of compliance with international standards.’

 Further information is available via these links:

MONEYVAL Frequency Asked Questions https://www.iomfsa.im/amlcft/moneyval-faqs/

International Assessments https://www.iomfsa.im/amlcft/international-perspective-and-assessments/

Source

https://www.iomfsa.im/fsa-news/2025/feb/date-confirmed-for-island-s-moneyval-evaluation/