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In a groundbreaking global first, the Isle of Man has enacted legislation that formally classifies data as a legal asset, marking a transformative moment for industries that rely heavily on digital information. For sectors such as land-based and online gaming—where data functions as the lifeblood of operations—this development represents a significant shift that demands close attention. While widely recognized for its role as a premier gambling licensing jurisdiction and for

The Isle of Man Gambling Supervision Commission is weighing a significant tightening of oversight within its gambling industry, with new proposals that would shift part of the compliance responsibility away from corporate entities and directly onto individuals. Under the suggested reforms, regulators would gain the authority to impose financial penalties on managers and key personnel who are accountable for failures in know-your-customer and anti-money laundering controls. Th

The government of the Isle of Man has officially categorized its gambling sector as presenting a “medium-high” risk for money laundering, highlighting the regulatory challenges facing one of the island’s most significant—and often scrutinized—industries.   In a newly released standalone National Risk Assessment (NRA) for gambling published on February 24, authorities concluded that the sector’s exposure to money laundering (ML) risks remains substantial. According to the repo

The Isle of Man Gambling Supervision Commission has issued a warning about the increasing risks associated with the use of cryptocurrencies in the gambling industry, pointing to growing concerns over financial crime, including money laundering and sanctions evasion.   The regulator also stressed the need for closer international cooperation and stronger enforcement measures to address these emerging threats.   The Commission highlighted the expanding role of virtual assets wi

The Isle of Man Gambling Supervision Commission has released a public enforcement statement detailing serious regulatory violations committed by Shelgeyr Limited, the company behind the Maverick Games brand. The action followed a comprehensive regulatory inspection that uncovered numerous breaches of the Gambling Anti Money Laundering and Countering the Financing of Terrorism Code 2019. Investigators determined that the operator did not sustain adequate safeguards against fin