IOMFSA Fines Database | Isle of Man Financial Services Authority Enforcement Actions
Track Isle of Man Financial Services Authority (IOMFSA) fines and enforcement actions from 2019-2025. Current totals are loaded from the live evidence view. 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
- Latest tracked action: 2025-06-17
- Default currency: GBP
Use This Data
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Largest enforcement actions
| Firm or individual | Date | Amount | Breach category | Source |
|---|---|---|---|---|
| RL360 Insurance Company Limited and RL360 Life Insurance Company Limited (together referred to as “RL360”) | 2 May 2025 | £2,785,714 | Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014 | Notice |
| The Royal Bank of Scotland International Limited | 15 Feb 2024 | £1,440,481 | Civil penalty under s.16 Financial Services Act 2008 | Notice |
| IQ EQ (Isle of Man) Limited | 6 Dec 2024 | £877,155 | Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014 | Notice |
| Nedbank Private Wealth Limited | 18 Dec 2023 | £764,550 | Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014 | Notice |
| Trident Trust Company (I.O.M.) Limited | 5 Aug 2022 | £421,744 | Civil penalty under s.16 Financial Services Act 2008 | Notice |
| HSBC Bank PLC, Isle of Man Branch | 26 Nov 2024 | £419,900 | Civil penalty under s.16 Financial Services Act 2008 | Notice |
| Standard Bank Isle of Man Limited | 7 Jan 2022 | £353,320 | Civil penalty under s.16 Financial Services Act 2008 | Notice |
| Bridgewater (IOM) Limited | 24 Nov 2021 | £321,550 | Civil penalty under s.16 Financial Services Act 2008 | Notice |
| Capital International Limited ('CIL') | 12 Sep 2024 | £170,851 | Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014 | Notice |
| Isle of Man Assurance Limited | 5 Aug 2020 | £124,440 | Civil penalty under s.37 Insurance Act 2008 | Notice |
| Island Financial Solutions Limited | 28 Sep 2020 | £89,994 | Civil penalty under s.16 Financial Services Act 2008 | Notice |
| Kestrel Insurance Services Limited | 17 Jan 2020 | £82,753 | Civil penalty under s.37 Insurance Act 2008 | Notice |
| Fedelta Trust Limited | 21 Nov 2019 | £73,644 | Civil penalty under s.16 Financial Services Act 2008 | Notice |
| Income Plus Services Limited | 22 May 2025 | £48,356 | Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014 | Notice |
| Y & A Group, LP | 21 Sep 2023 | £40,901 | Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014 | Notice |
| Cornerstone Crew Management (M.I.) Limited | 11 Jul 2023 | £13,797 | Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014 | Notice |
| R & M Management (I.O.M.) Limited | 5 Aug 2022 | £11,348 | Civil penalty under s.16 Financial Services Act 2008 | Notice |
| Isle of Man Insurance Management Limited | 5 Aug 2020 | £11,099 | Civil penalty under s.37 Insurance Act 2008 | Notice |
| Döhle Yachts Management Services Limited | 20 Jan 2023 | £5,896 | Civil penalty under s.157 (2ZA) Proceeds of Crime Act 2008 s.68 (2ZA) Terrorism and Other Crime (Financial Restrictions) Act 2014 | Notice |
| Citadel Insurance Company Limited | 5 Aug 2020 | £3,100 | Civil penalty under s.37 Insurance Act 2008 | Notice |
Amounts are normalised to GBP for comparison.
Frequently asked questions
What is the largest IOMFSA fine?
The largest IOMFSA fine currently recorded by RegActions is £2,785,714, issued to RL360 Insurance Company Limited and RL360 Life Insurance Company Limited (together referred to as “RL360”) on 2 May 2025 by the Isle of Man Financial Services Authority. This reflects amounts that have passed RegActions' amount-review gate; see the IOMFSA fines database below for the complete, source-linked list.
How can I verify a IOMFSA fine?
Start with the firm or individual name, the penalty date and the disclosed amount, then open the linked Isle of Man Financial Services Authority notice. The notice sets out the rule breaches, the affected period and the sanction. RegActions links every record to its official source; the regulator's own publication remains the authoritative record.