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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CySEC aligns with ESMA on cloud outsourcing for non-DORA entities
On 13 March 2026, the Cyprus Securities and Exchange Commission issued Circular 759, to inform relevant entities about the adoption of the European Securities and Markets Authority’s guidelines on outsourcing to cloud service providers. This replaces Circular 457 from July 2021.
11 May 2026
Update to EU Sanctions on Russia-Ukraine-Belarus (up to 23 April 2026)
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.
07 May 2026
The EU’s 20th sanctions package on Russia: Key impacts and updates
On 23 April 2026, the Council of the European Union formally adopted its 20th package of restrictive measures against the Russian Federation in response to Russia's ongoing war of aggression against Ukraine. It features 120 additional individual listings, the largest number in two years, and multi-layered economic sanctions.
07 May 2026
OECD unveils major 2025 tax convention updates
The Organisation for Economic Co-operation and Development released its 2025 update to the Model Tax Convention on Income and on Capital on 18 November 2025, introducing significant changes that will reshape the international tax landscape. These updates provide critical guidance on the taxation of cross-border remote work and income from natural resource extraction, aiming to offer greater certainty for governments and businesses alike.
07 May 2026
Cayman Islands introduces regulatory framework for tokenised funds
On 19 March 2026, the Cayman Islands Government published amendments to three key legislative acts to establish a clear regulatory framework for tokenised investment fund structures. These amendments were enacted through the Mutual Funds (Amendment) Act, 2026, the Private Funds (Amendment) Act, 2026, and the Virtual Asset (Amendment) Act, 2026.
05 May 2026
BVI FSC launches legitimate interest functionality: Compliance essentials
On 30 March 2026, the British Virgin Islands Financial Services Commission announced the launch of the Legitimate Interest transaction functionality, effective 1 April 2026. Registered Agents are advised to adhere to the prescribed timelines and requirements for processing requests to inspect the Beneficial Ownership Register.
04 May 2026
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