Isle Of Man
RL360° targeted in insurance scam
Insurance firm RL360° is the subject of a law suit on the Isle of Man for damages alleging breach of contract and negligence after it paid out a policy belonging to a deceased doctor, who turned out to be alive and the victim of identity theft.
Best Practice | 29 Jan 18
Isle of Man cracks down on unlicenced activity
The Isle of Man Financial Services Authority (FSA) is taking a “proactive initiative” to clamp down on financial services professionals conducting regulated activities without a licence.
Isle of Man denies financial crime case failings
The Isle of Man has hit back against claims by a news agency that it failed to respond to requests for information from Indian authorities in relation to a bribery and corruption investigation.
New Earth owner has licence revoked
Isle of Man-based Premier Group (PGIOM), the company behind the ill-fated £300m New Earth Group of funds, has had its financial services operating licence revoked by the island’s regulator.
‘Scurrilous’ Paradise Papers reporting slammed by IoM ministers
Isle of Man politicians have strongly defended the island’s economy following the Paradise Papers revelations, with one minister describing them as “a deliberately orchestrated attack from the international media”.