The Isle of Man, like other international offshore financial centres, has shown its support for initiatives to improve transparency and regulatory standards while adapting them to suit the local economic environment
The continued threat of terrorism combined with a spate of accounting scandals over the past couple of years have added further momentum to the push by financial centres to improve transparency and regulatory standards. A coalition of forces are seeking information exchange for anti-money laundering activities, interdiction of terrorism and the enforcement of taxation. They include the G7 countries, the Organisation for Economic Co-operation and Development (OECD) and the EU. International offshore financial centres, such as the Isle of Man, also have thrown their support behind such ini...
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