Govt has previously said it has a 'zero-tolerance' attitude towards it
An Isle of Man economist has told Manx Radio he’s concerned that the Island’s reputation is being tarnished by companies allegedly carrying out ‘pig butchering’.
John Webster’s comments come just days before a 'Countering Financial Crime Conference' which is taking place on Wednesday (9 October).
In August this year a BBC World Service report claimed that an investment scam, operated from the Isle of Man, conned victims in China out of millions of dollars.
You can find out more HERE.
Government has previously said it has a ‘zero-tolerance’ attitude towards such activities and remains committed to identifying, disrupting and preventing international criminal activity.
But Mr Webster says he’s still apprehensive about the scale of the problem:
Manx Radio has invited the Isle of Man Government to respond to Mr Webster's concerns.
Fine for man who had to be restrained by five hospital porters
Today's Manxman sailings delayed
MHK questions if reduction in NSC hours goes against Island Plan
Gas company says reduction is 'great news' for customers in the middle of winter
