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National strategy helping to tackle bribery and corruption

Thu, 09 Dec 2021

New plans to tackle bribery and corruption have been launched by the Anti-Bribery and Corruption Project.

The national strategy will support efforts to maintain the Isle of Man's reputation as a well-regulated and responsible international business centre.

It will help to address an issue identified as part of the National Risk Assessment of money laundering, combating the financing of terrorism, and financial crime carried out in 2020. 

The Anti-Bribery and Corruption Project will coordinate efforts to identify and address potential gaps through the introduction of a national framework aligned with existing legislation and codes of practice.

Cabinet Office Minister Kate Lord-Brennan MHK said: “Bribery and corruption has a damaging effect on communities and the rule of law.  This project reflects our commitment to ensuring that ours is an internationally compliant jurisdiction where financial crime, whether perpetrated at home or elsewhere, is not welcome.”

“While much good work is already taking place, we need a clear national strategy on this to support agencies to work together more effectively in identifying risks and taking action where necessary.  Our intention is to create a lasting legacy by putting in place an online portal that provides access to advice, information, policies and legislation, as well as a means for the confidential reporting of concerns.”

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