This one-hour webinar examines Isle of Man regulatory risk and recent decisions affecting protector consent, proper purpose, trustee indemnities and information demands. The emphasis throughout is on what trustees, protectors and administrators should now document and test in practice.
Session content
- 2026 Isle of Man Risk update
- Medium High national and TCSP money-laundering ratings
- How the National Risk Assessment should be reflected in a firm’s business risk assessment, controls and board evidence
- Current regulatory control themes
- Beneficial ownership database access
- AML/CFT Handbook version control
- Sanctions screening
- Ownership and control analysis
- Statutory or regulatory register reconciliation
- Protector consent after A and 6 others v C and 13 others [2026] UKPC 11
- Proper purpose after Grand View Private Trust Co Ltd v Wong [2022] UKPC 47
- Trustee retirement and succession after Equity Trust v Halabi and ITG v Fort Trustees [2022] UKPC 36
- Information requests and confidentiality
- Integrated case study combining protector consent, an unequal capital appointment, sanctions and ownership concerns, a beneficial ownership discrepancy and an outgoing trustee’s unresolved costs.
- Eight-point action checklist covering risk assessment, protector governance, proper-purpose records, beneficial ownership, sanctions, registers, trustee transitions and pre-delivery legal monitoring.
Tutor
Heather-Anne Hubbell
Heather-Anne Hubbell is a tax and risk specialist with an extensive legacy in financial services, strategic planning and governance who designs and delivers directors and company secretary training based on her experience as a director and company secretary and on working with global financial institutions and their directors’ responsibilities.
She has an LLB from Western Ontario and an LLM from Osgoode Hall Law School in Toronto.
Heather-Anne now provides risk, governance and strategic transformation services to a range of international clients, as well as running a number of businesses in the UK and Channel Islands.
