The Beneficial Ownership Act, which established the Isle of Man’s Database of Beneficial Ownership, has been in force since 2017 – beneficial ownership is a well-established and widely understood concept on the Isle of Man.
However, there have recently been a number of significant changes to the beneficial ownership framework on the Island, including the:
· Beneficial Ownership Act 2017 (Amendment) Order 2026; and the
· Beneficial Ownership Information Regulations 2026.
The two orders amend the requirements under the Beneficial Ownership Act 2017.
Reflecting the legislative changes, the Authority has published the Beneficial Ownership Act 2017 Guidance April 2026 (the “2026 Guidance”). The Beneficial Ownership Act 2017 Guidance December 2024 (the “2024 Guidance”) is now revoked.
This seminar will outline the changes to the requirements around identifying and submitting registrable beneficial ownership information, using the 2026 Guidance as a tool to illustrate the changes.
Dylan Pycroft – Manager (Policy and Legislation Specialist), IOMFSA AML/CFT Supervision Division – BA (Hons), MA, and Int.Dip Financial Crime Prevention
Dylan joined the Authority in December 2022, focussing on both AML/CFT Supervision & beneficial ownership oversight. Since July 2025, Dylan has sat within the AML/CFT Division’s policy team, working to prepare the Island for the upcoming MONEYVAL evaluation.
This event is sponsored by DQ Advocates and is free to ACSP members, non-members are welcome to attend for a small charge.
Registration and refreshments from noon for a prompt 12:30pm start.
CPD 1-hour ( certificates available upon request).
