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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BVI Financial Services Commission updates on Beneficial Ownership filings for 2025
On 7 March 2025, the British Virgin Islands Financial Services Commission issued an update through Industry Circular 12 of 2025 regarding the implementation of beneficial ownership filing requirements. This blog post outlines the key changes under the BVI Business Companies and Limited Partnerships (Beneficial Ownership) Regulations, 2024 and provides guidance on the phased implementation.
27 Mar 2025
Key milestones in BVI FSC’s implementation timeline for Beneficial Ownership filings
On 7 March 2025, the British Virgin Islands Financial Services Commission published its detailed timeline for the rollout of key functionalities related to Beneficial Ownership filings, as well as the management of Registers of Directors, Registers of Members, Registers of Limited Partners, and Registers of General Partners. This phased approach aims to enhance compliance and operational efficiency for stakeholders.
27 Mar 2025
BVI FSC publishes educational videos enhancing compliance with proliferation financing risks
On 21 February 2025, the BVI Financial Services Commission released a series of three educational videos designed to develop understanding and bolster compliance regarding Proliferation Financing. These videos serve as a valuable resource for licensed entities seeking to enhance their risk management strategies.
25 Mar 2025
BVI Financial Services Commission releases revised Handbook on International Cooperation
On 21 February 2025, the BVI Financial Services Commission released its revised Handbook on International Co-operation and Information Exchange. This updated guide reflects the BVI’s commitment to international collaboration in tackling critical global issues, including money laundering, terrorism financing, and the proliferation of weapons of mass destruction.
17 Mar 2025
Update to EU Sanctions on Russia-Ukraine-Belarus (up to 14 March 2025)
European Union has issued significant and far-reaching sanctions and restrictive measures on Russia and the Russian Economy. View a table of all the sanctions here
14 Mar 2025
BVI FSC shares key insights from international regulatory forums in Hong Kong and London
On 31 January 2025, the BVI Financial Services Commission published a news release summarising key takeaways from its two key international regulatory forums: the Meet the Regulator Forum in Hong Kong and the BVI Financial Services Round Table in London.
10 Mar 2025
BVI gains an excellent investment-grade credit rating from S&P
On 11 February 2025, the British Virgin Islands Government announced that the jurisdiction has secured an investment-grade BBB/A-2 sovereign credit rating from S&P Global, with a stable outlook.
07 Mar 2025
UK unveils largest sanctions package against Russia since 2022
On 24 February 2025, the UK announced its most significant sanctions package since the early days of Russia's full-scale invasion of Ukraine. Marking three years since the conflict began, these measures target over 100 entities and individuals aiding Russia's war efforts, reflecting the government's commitment to securing peace and stability in Europe.
27 Feb 2025
UK targets Russian cybercrime with new sanctions
On 11 February 2025, the UK government issued a press release announcing new sanctions against ZSERVERS, a Russian cybercrime entity facilitating global ransomware attacks. The sanctions also target six key members of ZSERVERS and its UK-based front company, XHOST Internet Solutions LP.
27 Feb 2025