Island looks to improve protection against financial crime
The Island is looking to strengthen its defences against financial crime.
The Treasury is asking the public for it's opinions on fighting crimes such as money laundering and fraud.
The consultation comes after the International Monetary Fund raised concerns over the Island's protection against such crimes.
The current version of the Companies Act states businesses registered on the Island must have a local resident agent.
Those registered under the previous Act don't have to have such an agent, which the Treasury says provides a weak link in the chain of accountability.
During an IMF assessment of the Island's defences against financial crimes, it highlighted this as an issue which needs addressing.
Consultation documents on this matter can be found on the Government's website