Isle of Man Issues Risk Appetite Statement to Tackle Organised Crime in eGaming
The Isle of Man has published a National Risk Appetite Statement focused on eGaming and related sectors, outlining stricter risk management expectations in response to concerns about transnational organised crime and regulatory abuse.
National Risk Framework Targets Organised Crime Threats
The Isle of Man has released a dedicated National Risk Appetite Statement (NRAS) aimed at bolstering risk management practices across the eGaming and associated sectors. The move responds directly to international concerns — particularly those raised by the United Nations Office on Drugs and Crime (UNODC) — about the island’s potential exposure to transnational criminal networks, especially from East and Southeast Asia.
The NRAS provides a structured approach for businesses to assess and manage risks tied to client relationships and operational activities. It outlines proportional, enhanced due diligence measures where higher-risk factors are present, serving as a practical reference point for industry participants.
Clearer Guidelines for Operators and Stakeholders
Justice and Home Affairs Minister Jane Poole-Wilson MHK described the Statement as an essential tool in maintaining economic integrity without compromising regulatory standards.
“Serious and organised transnational crime is a global threat, and the Isle of Man is committed to playing its part in disrupting this activity,” she stated.
She added that the document not only supports law enforcement efforts but also ensures that reputable businesses operating within the Island’s jurisdiction are provided with the clarity they need to meet compliance expectations.
“The Isle of Man is open for good quality, reputable business. To support those aims, this Statement will provide to industry and wider stakeholders the clarity they need,” Poole-Wilson said.
Intelligence-Led Enforcement Supports Framework
The NRAS rollout is supported by a complementary typologies document issued by the Financial Intelligence Unit (FIU), which identifies jurisdictions and behavioural patterns deemed high risk. This intelligence-led approach is part of a broader compliance strategy under the Gambling Supervision Commission (GSC), which has recently stepped up enforcement actions. These have included high-profile raids and licence withdrawals linked to criminal infiltration.
This latest development marks a formal escalation in the Isle of Man’s anti-crime measures, particularly in sectors vulnerable to abuse by offshore actors. The publication of the NRAS represents a proactive stance in preventing the misuse of the island’s regulatory and financial systems.
While this NRAS is specific to eGaming and related activities, a more comprehensive version covering the wider business ecosystem is expected later this year.