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 FSC updates: Temporary measures for court-ordered restorations
On 15 April 2025, the BVI Financial Services Commission issued Circular 15, an important update regarding the court-ordered restoration process. This circular outlines temporary measures and key procedural changes designed to streamline filings while the permanent system is finalised.
22 May 2025
BVI Financial Services Commission issues circular on Beneficial Ownership compliance
On 24 April 2025, the BVI Financial Services Commission issued Circular 16 updating the industry practitioners regarding Beneficial Ownership filings, Registers of Members, and restoring struck off or dissolved companies.
15 May 2025
Key updates from the BVI FSC’s Q1 2025 newsletter
On 1 April 2025, the British Virgin Islands Financial Services Commission published its Q1 2025 newsletter, outlining several pivotal updates aimed at bolstering oversight and compliance in the financial services industry.
09 May 2025
Recent legislative updates in the Virgin Islands
The Virgin Islands has recently published and enacted significant legislative changes aimed at streamlining and updating its financial services framework.
01 May 2025
New risk assessment highlights financial crime prevention in the BVI
On 17 April 2025, the Government of the Virgin Islands issued a comprehensive report, the National Money Laundering, Terrorist Financing, and Proliferation Financing Risk Assessment of Legal Persons and Legal Arrangements. This publication is a critical tool aimed at strengthening the Territory’s defences against financial crimes.
29 Apr 2025
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