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| IoM Consults On Anti-Terror Legislation |
by Amanda Banks, Tax-News.com, London
Thursday, August 05, 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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