Carn Advisory

Some might have missed it whilst lying on a beach or taking some well deserved time off this summer ☀️👙🕶️⛱️🤿 ….. if sustainability accounting 🌲is your area or one that should be this is for you: The IFRS Foundation has published educational materials to support the understanding of Sustainability Disclosure Standards. This guidance can help businesses apply the requirements set out in the Standards. Find out how this latest resource can support your sustainability journey in our article. https://lnkd.in/eqqZnDpM #Sustainability #SustainabilityReporting

"We're not Amsterdam. We can't green our city." Paris: "Hold my 🍷!" This incredible transformation of the local town hall square blew my mind: In just 8 months, Paris managed to: 🌳 turn this concrete jungle into a living urban forest 🔥 plant 150 trees to protect locals from heat waves 🏛 change a sensitive, touristy area, beyond recognition And the best thing? This is just one of 120 OTHER re-greening projects that are taking place in the city in 2025 alone! Who said squares can’t breathe again? ♻️ repost for more green in YOUR city PS: do you also love the music for the clip? credit: Ingwar Perowanowitsch 📍 Hôtel de Ville, Paris

Now that the new Gibraltar Gambling Bill has been published and is awaiting Parliamentary debate, the volume of enquiries from the sector and advisers has increased. We will be issuing administrative guidelines and draft codes once the Parliamentary debate is complete, but until then here are a few points to consider. Sections 17-19 defines the scope of B2C and B2B ( regulated activities). Gambling marketing and Holdcos ( holding more than 25% in a relevant gambling company - including outside Gibraltar) are also brought within scope. S19 defines “ providing facilities for gambling” and this now extends to managenent control in or from Gibraltar. This may capture certain multi jurisdictional models that were previously not in scope. S19 also extend the scope of what constitutes B2B activity both in or from Gibraltar, but also what constitutes licensable supply chain business to Gibraltar licensed operators. So CRM support in or from Gibraltar to an operation outside the jurisdiction may be licensable B2B activity or, if the external business is managed or controlled from Gibraltar, it may even be B2C activity. Whilst existing licensees will be “grandfathered” into the new regime, those business will need to look to see if any other functionality conducted in or from Gibraltar falls within scope. Gambling marketing companies in Gibraltar will also need to start a dialogue, ideally having taken advice, with the Gibraltar Gambling Division regarding the licensing process as the grant of marketing licenses is on a prima facie restrictive basis and at the discretion of the Licensing Authority. Gibraltar is host to a number of multi jurisdictional business models and also acts as a service centre. We will take a pragmatic approach and will be supportive of any business that does not pose a risk to the reputation of the jurisdiction. Once the Act is implemented there will be a transition period, but if you are a gambling B2C, B2B ( supplying services to, in or from Gibraltar), marketing co or Holdco, now is the time to start thinking whether or not the activity you perform is defined as “Regulated” and subject to licensing down the line. We would prefer all businesses to engage early (a) so that we have a complete understanding of all the different business models out there (b) so businesses can plan strategically by understanding our position and risk appetite. What we can’t give are opinions based on a tailored ( partial) version of the business model. Businesses will need to be clear and transparent about their models and be prepared for in depth questions. I am commited to engage ( alongside advisers) to ensure an effective and pain free transition to a new Act as possible.

BITA Isle of Man Leadership Update We’re delighted to announce that Ty Smith CMgr FCMI has been appointed as the new Chapter Chair of BITA Isle of Man. Ty brings a wealth of experience, energy, and a deep commitment to business collaboration across the island. His passion for building meaningful connections and his hands-on approach to leadership make him a fantastic fit for this role, and we’re excited to see the chapter continue to grow under his guidance. At the same time, we would like to extend our heartfelt thanks to Ignatius (Natie) Rautenbach, who will be stepping down as Deputy Chair of the Isle of Man Chapter. Ignatius has played a pivotal role in establishing and nurturing the chapter's success and community over the years. We are proud to share that Ignatius will now be taking on the role of Global Chair of BITA, where he will continue his mission of fostering international relationships, driving strategic growth, and connecting our global network of members. Please join us in welcoming Ty to his new role and congratulating Ignatius on his well-deserved appointment. The future of BITA Isle of Man—and BITA worldwide—is in excellent hands. #BITAIOM #LeadershipUpdate #BITAGlobal #PeopleWhoKnowPeopleThatHelpPeople #BusinessNetworking #CommunityLeadership #BITAChapters #WelcomeTySmith #ThankYouIgnatius Paul Whitnell Marcelle Micallef Eden Bray Luke Worton John Hunter

The 2025 Innovation Challenge took place yesterday - inviting participants from across the globe to present groundbreaking solutions that address real-world challenges and foster innovation on the Isle of Man. The winners are... 💷 FinTech Winner - Binderr 💡 Cleantech Winner - Lnk Technologies 📱 Data & AI Winner - Early Ideas IOM/Tandem 🌍 Biosphere Winner - Big Bower Applications for the 2026 Innovation Challenge will open in November this year.

Today, we wear our climate stripes in time for #showyourstripes day, tomorrow (21 June)! The Isle of Man joins the global movement to raise awareness of climate change and the need to take positive action through the powerful visual of warming stripes — a new line each year, and more red stripes a warning. 🔴🔵 Limiting how much we prevent global warming remains critical. It's not just a conversation about climate, it's about our health, our livelihoods and an opportunity to create a better, fairer and more sustainable future for everyone 💚 🌡️ ⬇️ Find out more and download our Island's stripes here https://lnkd.in/dk4w-J-N 🔗 You can learn more and check stripes around the globe at: showyourstripes.info Image: Isle of Man warming stripes 1948 - 2024, Isle of Man Met Office credit: Paul Craine after Professor Ed Hawkins (University of Reading) #science #ClimateChange #NetZero #IoM #ClimateAwareness #ShowYourStripesDay

The Gambling Supervision Commission (GSC) has released a webinar on GSC Inspections. This video is the eighth in a series covering the AML/CFT inspection process from initial self-assessments to the onsite inspection and final report. This video covers Suspicious Activity Reporting, focusing on effectively demonstrating that you are meeting code requirements. Topics include: - When and Why to Disclose; - How to write a good SAR; - Themis Access; and - Good Practice Tips to consider. 🖥️ You can find a link to the video on the GSC website: https://lnkd.in/eUA6Zv6t #GSC #SARs #Compliance

Reading the IPO prospectus for slots supplier Hacksaw Gaming, it’s extremely refreshing to see the compliance team explicitly flagged as providing "competitive advantage":- ❝𝘏𝘢𝘤𝘬𝘴𝘢𝘸'𝘴 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘤 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘪𝘴 𝘵𝘰 𝘦𝘴𝘵𝘢𝘣𝘭𝘪𝘴𝘩 𝘢𝘯 𝘦𝘢𝘳𝘭𝘺 𝘱𝘳𝘦𝘴𝘦𝘯𝘤𝘦 𝘢𝘴 𝘯𝘦𝘸 𝘫𝘶𝘳𝘪𝘴𝘥𝘪𝘤𝘵𝘪𝘰𝘯𝘴 𝘣𝘦𝘤𝘰𝘮𝘦 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘦𝘥 𝘪𝘯 𝘰𝘳𝘥𝘦𝘳 𝘵𝘰 𝘨𝘢𝘪𝘯 𝘢 𝘧𝘪𝘳𝘴𝘵-𝘮𝘰𝘷𝘦𝘳 𝘢𝘥𝘷𝘢𝘯𝘵𝘢𝘨𝘦, 𝘸𝘩𝘪𝘤𝘩 𝘪𝘴 𝘱𝘰𝘴𝘴𝘪𝘣𝘭𝘦 𝘵𝘩𝘢𝘯𝘬𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘤𝘢𝘱𝘢𝘣𝘪𝘭𝘪𝘵𝘪𝘦𝘴 𝘰𝘧𝘧𝘦𝘳𝘦𝘥 𝘣𝘺 𝘏𝘢𝘤𝘬𝘴𝘢𝘸'𝘴 𝘙𝘎𝘚 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘸𝘰𝘳𝘬 𝘤𝘢𝘳𝘳𝘪𝘦𝘥 𝘰𝘶𝘵 𝘣𝘺 𝘵𝘩𝘦 𝘎𝘳𝘰𝘶𝘱'𝘴 𝘤𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦 𝘵𝘦𝘢𝘮…. ❝…𝘵𝘩𝘪𝘴 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘭𝘦𝘢𝘥𝘴 𝘵𝘰 𝘢 𝘤𝘰𝘮𝘱𝘦𝘵𝘪𝘵𝘪𝘷𝘦 𝘢𝘥𝘷𝘢𝘯𝘵𝘢𝘨𝘦 𝘸𝘩𝘦𝘯 𝘦𝘯𝘵𝘦𝘳𝘪𝘯𝘨 𝘢 𝘯𝘦𝘸 𝘮𝘢𝘳𝘬𝘦𝘵𝘴, 𝘢𝘴 𝘸𝘦𝘭𝘭 𝘢𝘴 𝘢𝘯 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘺 𝘧𝘰𝘳 𝘏𝘢𝘤𝘬𝘴𝘢𝘸 𝘵𝘰 𝘤𝘳𝘰𝘴𝘴-𝘴𝘦𝘭𝘭 𝘨𝘦𝘰𝘨𝘳𝘢𝘱𝘩𝘪𝘤𝘢𝘭𝘭𝘺 𝘸𝘪𝘵𝘩𝘪𝘯 𝘪𝘵𝘴 𝘦𝘹𝘪𝘴𝘵𝘪𝘯𝘨 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳 𝘣𝘢𝘴𝘦... ❝…𝘈𝘴 𝘵𝘩𝘦 𝘪𝘎𝘢𝘮𝘪𝘯𝘨 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘴 𝘵𝘰 𝘦𝘷𝘰𝘭𝘷𝘦 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘭𝘢𝘸𝘴 𝘢𝘯𝘥 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘪𝘰𝘯𝘴 𝘢𝘳𝘦 𝘤𝘰𝘯𝘴𝘵𝘢𝘯𝘵𝘭𝘺 𝘤𝘩𝘢𝘯𝘨𝘪𝘯𝘨, 𝘏𝘢𝘤𝘬𝘴𝘢𝘸 𝘧𝘰𝘳𝘦𝘴𝘦𝘦𝘴 𝘢𝘯 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘯𝘶𝘮𝘣𝘦𝘳 𝘰𝘧 𝘤𝘰𝘶𝘯𝘵𝘳𝘪𝘦𝘴 𝘢𝘯𝘥 𝘴𝘵𝘢𝘵𝘦𝘴 𝘢𝘥𝘰𝘱𝘵𝘪𝘯𝘨 𝘉2𝘊 𝘢𝘯𝘥 𝘉2𝘉 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘴.❜❜ Too many #iGaming companies still see ‘compliance’ as a cost centre or a growth blocker. In 2025, this couldn’t be further from the truth. For the leading suppliers, a proactive compliance function keeps them ahead of the evolving regulatory landscape, enabling them to: 📈 Move quickly into new markets, 📈 Gain first-mover advantage, 📈 Build sustainable business that attracts investment. If you’re not doing this, then you are the ones getting leapfrogged. Congrats to the Hacksaw team, and good luck for the next chapter! 👏 #gamblingcompliance #gamblingregulation #gambling #gamblingindustry #gaminglaw

🤝 COP | The Isle of Man ESG Community of Practice is back for its third meet-up! 🌍 Hosted by Carn Advisory, this CoP is a collaborative space for businesses, regulators, and individuals to connect, share knowledge, and champion Environmental, Social, and Governance (ESG) principles – all with the goal of building a more sustainable future for our Island. 🇮🇲 🗓 Tuesday 24 June ⏰ 1PM – 2PM 📍 Launchpad, Hillary House Whether you’re an ESG expert or just starting out, this is a great opportunity to learn, discuss key issues, and contribute to a shared vision for ESG on the Isle of Man. 🤝 🔗 Register to attend here: 👉 https://lnkd.in/eJHPfiYB #CoPIOM #ESG #Sustainability #IsleofMan #CommunityOfPractice #Collaboration