IOMFSA Fines Database | Isle of Man Financial Services Authority Enforcement Actions

Track all Isle of Man Financial Services Authority (IOMFSA) fines and enforcement actions. 21 penalties from 2019-2025. Complete database with stats, trends, and analysis.

Coverage Snapshot

  • Regulator: Isle of Man Financial Services Authority
  • Jurisdiction: Isle of Man
  • Tracked period: 2019-2025
  • Tracked actions: 21
  • Default currency: GBP

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Largest enforcement actions

Firm or individualDateAmountBreach categorySource
RL360 Insurance Company Limited and RL360 Life Insurance Company Limited (together referred to as “RL360”)2 May 2025£2,785,714Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014Notice
The Royal Bank of Scotland International Limited15 Feb 2024£1,440,481Civil penalty under s.16 Financial Services Act 2008Notice
IQ EQ (Isle of Man) Limited6 Dec 2024£877,155Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014Notice
Nedbank Private Wealth Limited18 Dec 2023£764,550Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014Notice
Trident Trust Company (I.O.M.) Limited5 Aug 2022£421,744Civil penalty under s.16 Financial Services Act 2008Notice
HSBC Bank PLC, Isle of Man Branch26 Nov 2024£419,900Civil penalty under s.16 Financial Services Act 2008Notice
Standard Bank Isle of Man Limited7 Jan 2022£353,320Civil penalty under s.16 Financial Services Act 2008Notice
Bridgewater (IOM) Limited24 Nov 2021£321,550Civil penalty under s.16 Financial Services Act 2008Notice
Capital International Limited ('CIL')12 Sep 2024£170,851Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014Notice
Isle of Man Assurance Limited5 Aug 2020£124,440Civil penalty under s.37 Insurance Act 2008Notice
Island Financial Solutions Limited28 Sep 2020£89,994Civil penalty under s.16 Financial Services Act 2008Notice
Kestrel Insurance Services Limited17 Jan 2020£82,753Civil penalty under s.37 Insurance Act 2008Notice
Fedelta Trust Limited21 Nov 2019£73,644Civil penalty under s.16 Financial Services Act 2008Notice
Income Plus Services Limited22 May 2025£48,356Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014Notice
Y & A Group, LP21 Sep 2023£40,901Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014Notice
Cornerstone Crew Management (M.I.) Limited11 Jul 2023£13,797Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014Notice
R & M Management (I.O.M.) Limited5 Aug 2022£11,348Civil penalty under s.16 Financial Services Act 2008Notice
Isle of Man Insurance Management Limited5 Aug 2020£11,099Civil penalty under s.37 Insurance Act 2008Notice
Döhle Yachts Management Services Limited20 Jan 2023£5,896Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014Notice
Citadel Insurance Company Limited5 Aug 2020£3,100Civil penalty under s.37 Insurance Act 2008Notice

Amounts are normalised to GBP for comparison.