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International credit ratings agency Moody’s maintained a stable ‘Aa3’ credit rating for the Isle of Man, the same rating as the UK, supported by its high wealth levels, strong institutions, prudent fiscal policies, very low direct debt and substantial reserves.

The Isle of Man has published its latest sectoral risk assessment for Trust and Corporate Service Providers (TCSPs), confirming that the sector’s money laundering risk remains rated Medium High. The assessment highlights strengthened regulatory controls, ongoing AML obligations and the importance of risk management across the Island’s international financial services sector.

The Isle of Man is consulting on proposals to introduce a ‘legitimate interest’ access route to beneficial ownership information. The move is intended to enhance transparency and align the Island’s framework with evolving international anti-money laundering standards while maintaining safeguards for privacy and personal safety.