Channel Eye
  • Channel Eye Careers
  • Channel Eye Careers
  • Channel Eye Carers
  • Channel Eye Careers
  • Channel Eye Careers
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Financial Services
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing at Work
  • Careers
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Isle of Man
    • Events in Alderney & Sark
    • Virtual events
    • All events
    • Past Events
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Education
    • Food & Drink
    • Health & Wellbeing
    • Home
    • Leisure
    • Travel
  • Location
    • Jersey
    • Guernsey
    • Isle of Man
    • Alderney & Sark
  • Advertise
  • Subscribe
No Result
View All Result
Channel Eye
No Result
View All Result
  • Channel Eye Careers
  • Channel Eye Carers
  • Channel Eye Careers
  • Channel Eye Carers
Home Business Financial Services

Channel Islands and Isle of Man hold discussions with UK Security Minister

March 5, 2025
in Alderney & Sark, Business, Financial Services, Guernsey, Isle of Man, Jersey, Leadership
Alfred Cannan
Share on LinkedInTwitterFacebookEmail

The Isle of Man’s Chief Minister, Alfred Cannan MHK, met with the UK Security Minister Dan Jarvis MP earlier today at the Home Office along with representatives from Guernsey and Jersey.

Discussions covered a number of areas, including progress on access to beneficial ownership by those with a legitimate interest, tackling illicit finance, and co-operation between the Isle of Man and the United Kingdom on law enforcement.

The Chief Minister (pictured) said: “I welcomed today’s constructive discussions, particularly the opportunity to emphasise the Isle of Man’s ongoing and unwavering commitment to supporting law enforcement agencies with access to information on the ultimate beneficial owners of any companies and entities registered in the Isle of Man.

“This co-operation has been in place since 2016 and is working extremely well, with the Island’s Financial Intelligence Unit providing information to UK law enforcement agencies in as little as an hour.

“On the point of making beneficial ownership data publicly available, the Isle of Man – alongside Guernsey and Jersey – continues to monitor developments and explore this policy area.  However, the Crown dependencies remain concerned that such a policy could lead to a legal challenge.  This follows a ruling by the Court of Justice of the European Union in November 2022 that open access to beneficial ownership would be incompatible with the European Convention on Human Rights around respect for a private life.

“We have again emphasised the importance and need for international standards in this area to provide clarity and to ensure a level playing field for all jurisdictions.”

The Chief Minister added: “Despite this significant hurdle, our talks were positive.  I was able to update the Minister on the Isle of Man fulfilling its commitment to provide beneficial ownership information to entities obliged to conduct due diligence checks.  This was implemented in December 2024, fully in line with our commitment to do so.

“I was also able to reassure the Minister that the Island can progress access for legitimate entities relatively swiftly, but with the European Union only now developing its definitions in this area, we will need to closely monitor developments and ensure alignment with EU standards.

“We will continue to work closely and positively with our partners in the UK, Guernsey and Jersey on these matters and I look forward to continuing our dialogue.”

ShareTweetShareSend

Tim Bullock

Related Stories

New Chair of Skills Board appointed
Appointments

New Chair of Skills Board appointed

May 23, 2025
Survey launched to capture public opinions on town centre and local shopping experience
Charity & Community

The Guernsey Community Foundation launches the Island’s first Quality Of Life Report

May 23, 2025
Wellbeing Wednesday: Our 2023 insights into navigating workplace wellbeing
Wellbeing at Work

Work and Wellbeing Strategy sets out five-year plan to promote rehabilitation and wellbeing

May 12, 2025
Next Post
Julie Coutu

Oak appoints new Private Client Managing Director in Guernsey

KPMG
Channel Eye subscribe
  • Channel Eye
  • List your event
  • Channel Eye Careers
  • Channel Eye Careers
  • Channel Eye Careers
  • Channel Eye
  • List your event

Be the first to know​

Subscribe to the essential islands business news, direct to your inbox every morning​
  • Business
  • Careers
  • Events
  • Lifestyle
  • Subscribe
  • Advertise
  • Directory
  • Privacy Policy
  • Contact

©2025 Channel Eye Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Financial Services
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing at Work
  • Careers
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Isle of Man
    • Events in Alderney & Sark
    • Virtual events
    • All Events
    • Past Events
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Education
    • Food & Drink
    • Health & Wellbeing
    • Home
    • Leisure
    • Travel
  • Location
    • Jersey
    • Guernsey
    • Isle of Man
    • Alderney & Sark
  • Advertise
  • Subscribe
  • Contact

©2025 Channel Eye Limited.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.