Deemster Doyle welcomes Moneyval report

The Island's First Deemster has welcomed the findings of a report into the Island's anti-money laundering measures.

The Council of Europe's Moneyval report was published earlier this month, describing the Isle of Man as having a sound legal system, while noting the Deemsters have an excellent reputation.

Deesmter David Doyle described the references as pleasing, but warned the Island shouldn't be complacent going forward.

Members of the judiciary met with the evaluation team during their visit during April and May last year.

The report also found more needs to the done to improve financial intelligence gathering and investigations on the Island.