11 March 2025: Government Agencies Attend RUSI Sanctions Training

RUSI provide Sanctions Training - government agency logos

The Gambling Supervision Commission would like to thank our colleagues from Customs and Immigration for organising a Financial Sanctions training session on 27th February for representatives from the Isle of Man Government.

Presentations were provided by representatives from The Royal United Services Institute (RUSI) and the Isle of Man Customs & Immigration Division, with representatives in attendance from various Isle of Man government agencies, including the Gambling Supervision Commission.

Topics covered during the session included:

  • A comprehensive overview of financial sanctions;
  • Overview of international sanctions against Russia;
  • The Domestic sanctions landscape;
  • How regulators and authorities can assist the private sector;
  • Sanctions evasion: Typologies; and
  • Best practices in sanctions investigations.

The session began with an overview of UN sanctions regimes, the Financial Action Task Force's (FATF) recommendations on targeted financial sanctions, and how unilateral sanctions imposed by countries like the United States, United Kingdom, and European Union are increasingly shaping the sanctions landscape.

The session utilised recent international sanctions case studies to illustrate evolving patterns, typologies, and common challenges in investigations to detect and prevent sanctions circumvention networks.

 

GSC Training

The GSC recognises the importance of continuous training and capacity building for its Inspectorate. In addition to annual AML/CFT Training, GSC representatives regularly attend training sessions and conferences such as this. In attending these sessions, the GSC demonstrates its ongoing commitment to upholding global standards of AML/CFT/CPF and achieving its goals of keeping the Isle of Man a safe and effective jurisdiction for GSC licence holders to do business. Understanding the complex and ever-changing landscape in respect of international financial sanctions and equipping the Inspectorate with the knowledge and skills to effectively monitor sanctions compliance is essential for the GSC.

 

An All-Island Approach

These engagements also inform the Isle of Man’s government-wide approach to strengthening the Isle of Man’s global commitment to countering ML/FT/PF.

Multiple government agencies contribute to the Isle of Man’s framework for targeted financial sanctions, from the implementation of sanctions to the investigation of potential breaches and ensuring private sector compliance. A collaborative approach is essential for effective implementation and enforcement of targeted financial sanctions.

Comprehensive training and development activities involving all relevant agencies helps to ensure that all relevant personnel are equipped with the knowledge and skills needed to navigate the complexities and evolving nature of international sanctions and to ensure the government is aligned in its key messaging in relation to combatting financial crime.

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