No single definition of 'dormant'
Treasury Minister Alfred Cannan has confirmed it's unknown how much money is held in dormant bank accounts on the Isle of Man.
That's because there is currently no single definition of what constitutes an account being dormant.
Banks licensed over here are free to apply their own internal classifications to the term, meaning no data has been collected on the issue.
Mr Cannan told the House of Keys he's unwilling to speculate how much could be in said accounts:
Tynwald to elect a new president
Last sitting of the current administration
Outgoing president reflects on changes during time in Tynwald
Laurence Skelly will step down from his role later today
New Justice Secretary appointed to Burnham Cabinet
Alex Norris's responsibilities include overseeing the UK's relationship with the Isle of Man
New forum being launched to help bridge the digital divide
Detailed proposals to aid inclusion due by 2030
