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Compliance

A data protection officer reviewing an incident timeline on the Isle of Man
Compliance

Data Breach Notification on the Isle of Man: The 72-Hour Rule and When Individuals Must Be Told

August 27, 20260Comments
A personal data breach must be notified to the Isle of Man Information Commissioner without undue delay and, where feasible, within 72 hours of becoming aware of it…
A payments team reviewing wire transfer and virtual asset transaction records at a desk in an Isle of Man office
Compliance

Wire Transfers, in Two Forms: The Fiat Rule and the Travel Rule on the Isle of Man

August 25, 20260Comments
Isle of Man firms can owe two separate wire-transfer duties on the same transaction: the fiat information requirements under Regulation (EU) 2015/847, and the virtual-asset Travel Rule —…
A compliance officer reviewing personal data records at an Isle of Man office desk
Compliance

Subject Access Requests on the Isle of Man: How to Respond

August 20, 20260Comments
An individual can ask to see the personal data you hold on them. On the Isle of Man you have one calendar month to respond, you generally cannot…
A compliance team assessing data-protection risk before a new project on the Isle of Man
Compliance

Data Protection Impact Assessments on the Isle of Man: When One Is Required and How to Do It

August 18, 20260Comments
A DPIA is required whenever processing is likely to result in a high risk to individuals — and on the Isle of Man that duty runs through the…
A compliance officer reviewing a business risk assessment document in a calm Isle of Man office
Compliance

Building a Defensible AML/CFT Business Risk Assessment on the Isle of Man

August 13, 20260Comments
Your Business Risk Assessment is a Code para 5 duty — tailored to your firm, recorded, and kept alive. Here is how to build one that holds up,…
A compliance officer reviewing an internal disclosure at a desk in a calm Isle of Man office
Compliance

Suspicious Activity Reports on the Isle of Man: From Staff Suspicion to the FIU

August 11, 20260Comments
A Suspicious Activity Report moves suspicion from a staff member, to your MLRO, to the Financial Intelligence Unit. Here is how that internal-disclosure chain works on the Isle…

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Knight Consultancy Limited
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Isle of Man ,IM1 5EB
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