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'Clean bill of health' from IMF

by isleofman.com 14th September 2009

A major report by the International Monetary Fund says the Isle of Man's financial sector is well-regulated and supervised, and offers a high level of compliance with global standards.

The five-yearly IMF report rates the Island among the top countries in the world in the measures it's taken to combat money laundering and the financing of terrorism.

It recommends the government continues to build defences against economic turmoil, but describes the Depositors Compensation Scheme offered here to protect bank customers, as 'unusually extensive for a small jurisdiction'.

Chief Minister Tony Brown says the report gives the Island a clean bill of health:

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Posted by isleofman.com
Monday 14th, September 2009 05:51pm.

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