IoM Consults On Anti-Terror Legislation

by Amanda Banks, Tax-News.com, London

05 August 2010

The Department of Home Affairs in the Isle of Man has launched a consultation on new legislation that would update the Isle of Man’s anti-terrorism legislation, including tackling the financing of such.

The draft Anti-Terrorism and Crime (Amendment) Bill seeks to amend and add new provisions to the Anti-Terrorism and Crime Act 2003 and the Terrorism (Finance) Act 2009.

The deadline for views to be submitted to the Department is close of business on September 20, 2010.

Home Affairs Minister, Adrian Earnshaw, commented of the proposals: “This Bill is about the Isle of Man being a good neighbour and maintaining its reputation for being a well-regulated finance centre. The 56 clauses seek to update and modernize our existing legislation with a view to complying with international agreements in relation to terrorism.”

Earnshaw added: It’s in our interests to ensure the island is not a safe haven for terrorists or those who finance terrorism. We have established the island as a well-regulated international finance centre and we want to make certain there aren’t any weaknesses in legislation that could be exploited by those who want to engage in international terrorism, or by those who wish to damage the island’s reputation.”

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