Regulatory Blog

On 6 March 2026, Luxembourg's Commission de Surveillance du Secteur Financier issued updates regarding the Anti-Money Laundering and Countering the Financing of Terrorism data collection exercises for 2026. These updates aim to streamline processes and align with European standards.

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.

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.

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.

On 13 April 2026, the Bermuda Monetary Authority announced the phased introduction of a new regulatory filing platform, SubmIT, which will replace the current INTEGRA® system for submissions under the Investment Funds Act 2006. SubmIT is designed to enhance user experience with a more intuitive and streamlined process, while also improving supervisory efficiency.

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.

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.

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.

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.

Luxembourg stands as a premier global financial hub, a status reinforced by its extensive and sophisticated network of international investment agreements. These legal instruments are fundamental to protecting and promoting foreign investment, creating a secure and predictable environment for international capital flows. Understanding this framework is essential for investors, multinational corporations and legal advisors navigating the global economic landscape.

Tokenisation of real-world assets is reshaping global finance and commodities. RWAs are universally valued for their liquidity and are among the most popular reference assets at the moment. For sponsors, legal professionals and investors, structuring these tokens in the right jurisdiction is critical. The British Virgin Islands is an attractive jurisdiction for commodity-backed token projects, offering a sophisticated legal system, flexible corporate vehicles, and proven virtual asset framework.

The regulatory landscape of European data protection is evolving rapidly.