About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
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Update to the BVI’s Mutual Legal Assistance (Tax Matters) Act 2003
The Minister, on the advice of the BVI International Tax Authority, made the Mutual Legal Assistance (Tax Matters) (Fees) Order 2024.
23 Apr 2024
Harneys BVI Regulatory team facilitates approval for a leading cryptocurrency market maker under VASPA
Our BVI Regulatory team recently advised Portofino Technologies Global, a prominent cryptocurrency market maker, in successfully securing approval from the Financial Services Commission under the Virtual Assets Service Providers Act.
11 Apr 2024
New Memorandum of Understanding entered into between BVI Financial Authorities
On 31 January 2024, a Memorandum of Understanding between the BVI Financial Services Commission and the BVI Financial Investigation Agency was issued regarding collaboration in exchanging information relating to due diligence, money laundering, terrorist financing, proliferation financing, and in aiding the overall maintenance of the BVI's reputation as a financial hub.
04 Apr 2024
BVI FSC releases updated annual return forms for insurance sector
On 16 January 2024, the BVI Financial Services Commission announced the release of updated annual return forms, in an effort to enhance reporting efficiency and compliance within the insurance sector.
27 Mar 2024
BVI FSC issues reminder about AML returns filing obligations
On 18 January 2024, the BVI Financial Services Commission, in accordance with regulatory requirements, published Circular 2 of 2024 to remind all regulated persons under various licencing categories of the upcoming deadline for Anti-Money Laundering Returns submission.
27 Mar 2024
BVI removed from French tax blacklist
On 7 March 2024, the British Virgin Islands was removed from France's blacklist of non-cooperative tax jurisdictions, as announced in an official statement by BVI Premier Dr Natalio D Wheatley.
22 Mar 2024
BVI ITA releases a notice on temporary delay in BVI FARs payment portal deployment
On 5 March 2024, the BVI International Tax Authority issued a notice regarding the BVI FARs payment portal, addressing concerns and inquiries raised by users.
19 Mar 2024
BVI affirms its approach to beneficial ownership registers relating to the ECJ’s decision
On 8 December 2023, the BVI Government published a press release indicating it's current position on the much discussed implementation of publicly accessible registers of beneficial ownership (PARBOs).
15 Dec 2023
BVI Financial Services Commission hosts successful Meet the Regulator forum
On 3 October 2023, the BVI Financial Services Commission hosted its annual Meet the Regulator forum under the theme 'Embracing Change, Fueling Progress'. Senior Commission officers provided updates on key issues and forthcoming initiatives relevant to the international and local financial services regulatory and legislative landscape.
18 Oct 2023