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Isle of Man raises online gambling terrorist-financing risk rating to medium

Regulation

The Isle of Man Government’s first standalone Terrorist Financing National Risk Assessment raised online gambling’s risk rating from low to medium, while describing the overall risk of the island being used as a conduit for terrorist financing as medium-low. The assessment cited money-laundering investigations and weaknesses in business-to-business controls, and said the Gambling Supervision Commission was working on measures including a legal basis for risk-based licensing decisions.

The higher risk rating and proposed licensing controls may affect gambling businesses subject to Isle of Man oversight.

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Regulation

GSC updates AML guidance for gambling operators

The Isle of Man's GSC updated its AML/CFT/CPF guidance for gambling operators to reflect 2025/2026 National Risk Assessments and current risks. It clarified expectations on risk-based controls, business relationships, customer and ownership risks, due diligence, payments, sanctions and reporting; the underlying Code requirements remain unchanged.

The guidance has been updated to reflect the 2025/2026 National Risk Assessments, identified threats and typologies, and the current risk environment. The GSC said the underlying Code requirements have not changed.

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