The Manx Independent this week reports on an investigation being carried out by the island’s financial regulators into an international money-laundering scam involving many millions of pounds.

We have spoken to a local company that denies allegations that it was linked.

Also this week:

Government minister’s U-turn on car tax rises.

A woman jailed after stealing from her uncle is to appeal against her sentence.

Tynwald unanimously backs the Council of Ministers’ blueprint for the Isle of Man’s future but some backbenchers aren’t 100 per cent happy.

Douglas Council is to ban A-boards in streets from the end of June.

A bidder who lost out in the TT promoter contract has raised serious concerns about what he described ’questionable and flawed’ tender process.

The Office of Fair Trading says it has not seen enough evidence of excessive air fares to warrant an investigation, despite claims of prices quadrupling in TT week.

The leaseholders of a flat in Port St Mary have been to court and awarded more than £21,000 in damages over long-running problems with damp.

The threat to the island caused by a decreasing population has been highlighted by Policy and Reform Minister Chris Thomas.

A dispute over who owns a section of beach in Port St Mary has been raised in Tynwald.

A finalist for the Miss Isle of Man charity competition is setting out to swim around the Tower of Refuge to raise money for her charity.

A 38-year-old mechanic from Douglas who was four times over the drink-drive limit has been jailed for 16 weeks and banned from driving for seven years.

The thrills and spills of the circus are coming to Douglas Rugby Football Club at Port-e-Chee for five days.

With 15 new businesses opening in the town and encouraging levels of interest from other concerns Ramsey is ’on the up’ says the outgoing chairman of Ramsey Commissioners.

A scheme to protect areas of Castletown from flooding is to begin soon. See photos of how the town is meant to look.

Many patients from the Isle of Man who have to travel to England for short consultations could be spared that ordeal more often if the Manx health service changes the way it works.

An annual arts festival featuring the brightest and best of the creative members of the Manx community is getting ready to open on Saturday. Our Island Life section reveals more.

German comic Henning Wehn is to perform in the Isle of Man at the weekend. We preview his gig.

The Manx Competitive Music, Speech and Dance Festival, better known to us all as the Guild, is well under way and we have several photos from the event.

On the back page we report that Manx girl Charlotte Atkinson has capped a remarkable week by being selected to represent Great Britain at July’s FINA World Championships in Budapest.

There are 12 pages of sport in all.

Plus business, your letters, the Isle of Man’s what’s on guide, a seven-day television guide, a page of pictures from the past and information such as who the duty chemists are.

If you want to know what’s going on in the Isle of Man, you cannot miss the Manx Independent.

It’s in the shops now.