Specified Non-Profit Organisations (Countering the Financing of Terrorism) Code 2026

The Authority’s regulatory objectives are set out in section 2(2) of the FSA08 as:

1. Securing an appropriate degree of protection for policyholders, members of retirement benefits schemes and the customers of persons carrying on a regulated activity
    
2. The reduction of financial crime
    
3. The maintenance of confidence in the Island’s financial services, insurance and pensions industries through effective regulation, thereby supporting the Island’s economy and its development as an international financial centre

Basis for consultation

The DHA & Authority have issued this Consultation Paper in accordance with section 157(4) of the Proceeds of Crime Act 2008 and section 68(4) of the Terrorism and Other Crime (Financial Restrictions) Act 2014, which require that the DHA consult any person or body that appears to it to be appropriate, before making a code under those sections.

The Authority has contacted the recipients listed in Appendix A directly to provide a link to this Consultation Paper. Feedback from other interested persons is welcome.

Confidentiality and data protection

The information you send may be published in full or in a summary of responses. All information in responses, including personal data, may be subject to publication or disclosure in accordance with the access to information regimes (these are primarily the Freedom of Information Act 2015 and the Data Protection Act 2018) with which the Authority is obliged to comply.

If you want your response to remain confidential, you should explain why confidentiality is necessary and your request will be agreed to only if it is appropriate in the circumstances. An automatic confidentiality disclaimer generated by your IT system will not, of itself, be regarded as binding.

The Authority is registered with the Information Commissioner as a data controller under Isle of Man data protection legislation. It collects and processes personal data to carry out its functions under relevant legislation and may share personal data with other parties where there is a legal basis for doing so. Further information on how the Authority collects and processes personal data can be found in the Privacy Notice on the Authority’s website (opens in a new tab).