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
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
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 FSC and FIA release guidance on effective ongoing monitoring
On 24 January 2025, the BVI Financial Services Commission and the Financial Investigation Agency issued new guidance to enhance how financial institutions and designated non-financial businesses and professions monitor their customers.
20 Feb 2025
BVI FSC and FIA Survey: Assessing the impact of industry guidance
On 30 January 2025, the BVI Financial Services Commission and the Financial Investigation Agency announced that they are conducting a survey to assess the impact of their guidance documents on AML/CFT/CPF compliance, industry standards and best practices.
10 Feb 2025
BVI publishes FAQs on Beneficial Ownership Regulations implementation
On 13 January 2025, the BVI Financial Services Commission released detailed FAQs addressing the implementation of the Beneficial Ownership Regulations clarifying key compliance requirements effective 2 January 2025. It mandates identity verification for beneficial owners by licensees and registered agents, prohibits nil filings and sets a 30-day filing window for BVI Business Companies and Limited Partnerships.
03 Feb 2025
Q&A on the BVI’s updated Beneficial Ownership Regime
The BVI has implemented changes to its beneficial ownership framework as relevant to companies and limited partnership, with key changes effective from 2 January 2025. In this Q&A, we break down and summarise the new requirements relating to the changes, and what these mean for owners and operators of BVI entities and registered agents operating within the jurisdiction.
31 Jan 2025
BVI launches consultation on Beneficial Ownership transparency
The British Virgin Islands Government has initiated a public consultation on its proposed policy for access to the register of beneficial ownership. This consultation, launched on 17 January 2025, represents a significant step in aligning the Territory with international standards for transparency and combating illicit finance.
31 Jan 2025