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Our Structure（https://www.iomfsa.im/about/our-structure/）
Supervisory Divisions（https://www.iomfsa.im/about/our-structure/supervisory-divisions/）
Supervisory Divisions
Our approach to supervision
The Isle of Man Financial Services Authority adopts an impact and risk-based approach to supervision as set out in its Supervisory Methodology Framework（https://www.iomfsa.im/regulated-sectors/regulated-sectors-general/supervisory-methodology/）.
We focus our resources on the greatest threats to our objectives of protecting consumers, reducing financial crime, and maintaining confidence in the financial services sector through effective regulation.
This ensures that our supervisory activities are proportionate to a firm’s size, the type of activities it conducts, and its potential to cause disruption to the Island’s financial system and economy.
We undertake supervision and oversight of regulated firms, designated businesses, and specified individuals through four dedicated supervisory divisions that work closely together.
One division focuses solely on the AML/CFT supervisory oversight of all sectors, with the other three divisions covering all other supervision and authorisation activity.
Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Supervision Division
This Division is responsible for AML/CFT supervision and oversight of all regulated firms and designated businesses. It is also responsible for beneficial ownership oversight, as well as maintaining and updating AML/CFT policy and guidance.
General enquiries should be directed to the relevant teams at:
AML/CFT enquiries – aml@iomfsa.im AML/CFT returns – amlreturns@iomfsa.im Beneficial ownership oversight and enquiries – Beneficial.Ownership@iomfsa.im Registered Designated Business oversight enquiries – dnfbp@iomfsa.im
Prudential Supervision Division
This Division is responsible for the supervision of all deposit takers (banks), credit unions, and insurers. It is also responsible for managing the authorisation of new insurers.
The Division primarily operates through two teams;