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.
Resources
Welcome to our Regulatory Resources Hub, a centralised guide to the core laws and compliance frameworks shaping financial services in leading jurisdictions. Here, you’ll find concise summaries and direct access to key legislation from the British Virgin Islands, Bermuda and Cayman Islands. Whether you’re navigating licensing requirements, AML obligations, or governance standards, this section is designed to help you stay informed and compliant with ease.
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Jersey FSC revises high-risk country listings in AML/CFT/CPF Handbook
On 10 April 2026, the Jersey Financial Services Commission published revised Appendix D2 of its AML/CFT/CPF Handbook. This appendix identifies countries and territories associated with higher risks of money laundering, terrorism financing, proliferation financing, and sanctions, based on reliable external sources such as the FATF, UN, OECD, and others.
30 Apr 2026
BVI FSC compliance inspections in 2026: What Licensees need to know
On 27 April 2026, the British Virgin Islands Financial Services Commission published an update setting out its 2026 Compliance Inspection Programme, a clear signal of where supervisory attention will be focussed from March 2026 to February 2027. The programme explains how the BVI FSC will use inspections to assess risk, test controls, and drive higher standards across the BVI’s financial services sector.
29 Apr 2026
UK releases updated guidance on Iranian sanctions: Key insights
On 25 March 2026, the UK published updated guidance under the Iran (Sanctions) Regulations 2023, reinforcing its commitment to addressing human rights violations, deterring hostile activities, and promoting international security.
22 Apr 2026
BVI sanctions updates: UN consolidated list changes and financial compliance actions
On 10 March 2026, the British Virgin Islands Financial Services Commission shared updates regarding sanctions from two key areas: the United Nations Security Council regarding amendments to its Consolidated Sanctions List and financial sanctions obligations for institutions under its jurisdiction. These updates highlight critical changes and compliance actions required to meet international and local regulatory standards.
21 Apr 2026
Cayman extends CARF registration deadline to January 2027
On 25 March 2026, the Department for International Tax Cooperation published an industry advisory announcing an extension to the registration deadline under the Crypto-Asset Reporting Framework.
21 Apr 2026
BVI's General Licences overview on Oil price cap and legal services
The British Virgin Islands Financial Services Commission published details of General Licences No. 12 (2026) and No. 11 (2025), issued under the authority of the Governor. These licences outline specific permissions and conditions for activities related to sanctions compliance, including the supply of Russian oil under price cap regulations and the payment of legal fees for designated persons. Below is a summary of their key provisions:
16 Apr 2026
Luxembourg transposes DAC8
On 19 March 2026, Luxembourg formally adopted DAC8 transposing the Council Directive (EU) 2023/2226 enacting far-reaching tax transparency rules that apply retroactively from 1 January 2026, with first reporting due by 30 June 2027. This law mandates compulsory reporting for a broad spectrum of crypto-asset service providers and imposes significant enhancements on existing financial reporting standards.
15 Apr 2026
Update to UK Sanctions on Russia-Ukraine-Belarus (up to 27 March 2026)
Following the invasion of Ukraine by Russia, the UK Government, alongside the member states of the European Union, the United States of America and other global stakeholders issued significant new sanctions. View a table of all the sanctions here.
13 Apr 2026
AIFMD II introduces new liquidity framework: CySEC guidance for fund managers
The Cyprus Securities and Exchange Commission recently issued Circular E743, introducing significant updates to liquidity management requirements for Alternative Investment Funds and Undertakings for Collective Investment in Transferable Securities.
09 Apr 2026
New liquidity management requirements for Luxembourg investment funds
Effective 16 April 2026, Luxembourg introduces enhanced liquidity management obligations for UCITS and open-ended AIFs under the Law of 3 March 2026, aligning with EU Directive 2024/927.
02 Apr 2026
Jersey’s 2026 sanctions law: Key provisions and implications
Effective from 18 March 2026, the Government of Jersey introduced significant amendments to the Sanctions and Asset-Freezing (Jersey) Law 2019. These changes aim to align Jersey’s sanctions framework more closely with international standards, particularly those of the UK and to strengthen Jersey’s commitment to combating financial crime and ensuring compliance with global sanctions regimes.
31 Mar 2026
EU and UK to lower Russian oil price cap
The European Union and the United Kingdom proceeded with the announced reduction in the price cap for Russian-origin crude oil to US$44.10 per barrel, effective 1 February 2026. This measure, part of ongoing sanctions under Regulation (EU) 833/2014, aims to curtail Russia's revenue streams while ensuring global energy market stability.
26 Mar 2026