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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BVI FSC Grants Temporary Access to VIRRGIN Lite for Beneficial Ownership Filings
The BVI Financial Services Commission announced a temporary measure to help Registered Agents manage the current high volume of regulatory filings. On 26 November 2025, the FSC published Circular 44, which grants overseas offices of Registered Agents temporary access to the VIRRGIN Lite platform for Beneficial Ownership and related filings throughout December 2025.
17 Dec 2025
Important update for BVI Registered Agents: Economic Substance filing transition
On 20 November 2025, the British Virgin Islands International Tax Authority announced that Economic Substance reporting obligations will transition from the Beneficial Ownership Secure Search System to the Virtual Integrated Registry Regulatory General Information Network portal. The ITA has confirmed that the new VIRRGIN ES filing portal is in its final stages of preparation and will be deployed for filings due in 2026.
28 Nov 2025
Bermuda's Beneficial Ownership Act 2025: A legal summary
Bermuda enacted the Beneficial Ownership Act 2025 (the Act), a significant legislative reform designed to consolidate and enhance the jurisdiction's framework for corporate transparency. Pursuant to the Beneficial Ownership Act 2025 Commencement Day Notice 2025, the Act is in force as of 3 November 2025.
27 Nov 2025
Cyprus Beneficial Ownership Register: Key deadlines and penalties
The Cyprus Department of the Registrar of Companies and Intellectual Property recently issued a set of key reminders for all companies, partnerships, and European Public Limited Companies that are subject to reporting obligations with respect to the Beneficial Ownership Register in Cyprus.
13 Oct 2025
BVI’s 2025 Meet The Regulator Forum highlights
The BVI Financial Services Commission published the presentations from the 2025 Meet The Regulator Forum. The forum focused on Beneficial Ownership transparency, stakeholder consultations and policy updates.
09 Sep 2025
CySEC clarifies AML identity verification rules
On 9 July 2025, the Cyprus Securities and Exchange Commission issued Circular C721 to clarify the application of Section 62(2) of the Prevention and Suppression of Money Laundering Activities Law.
26 Aug 2025
BVI launches new beneficial ownership access policy
On 23 June 2025, the Government of the Virgin Islands introduced a policy governing access to the Register of Beneficial Ownership for BVI Business Companies and Limited Partnerships. This initiative aligns with international standards for corporate transparency, anti-money laundering, counter-terrorism financing, and counter-proliferation financing, while safeguarding individual privacy.
03 Jul 2025
BVI FSC provides update on revised beneficial ownership arrangements from January 2025 (relevant to registered agents)
On 13 December 2024, the BVI Financial Services Commission notified the industry that the transfer of beneficial ownership information to the FSC’s Registry of Corporate Affairs would begin from 2 January 2025. Following this date the relevant registers of beneficial ownership for all registered BVI Business Companies and Limited Partnerships will be maintained via the FSC's flagship VIRRGIN platform.
23 Dec 2024
Bermuda consults for a central register of beneficial ownership
On 20 November 2024, the Bermuda government announced that it is consulting to establish a unified register for beneficial ownership of legal entities, aligning with international transparency standards. Bermuda is advancing efforts to enhance transparency and combat financial crimes through a proposed Central Register of Beneficial Ownership.
16 Dec 2024
Cayman Islands' press release on balancing beneficial ownership transparency and privacy protections
On 21 November 2024, the Cayman Islands issued a press release to reaffirm its commitment to cooperating with the UK on beneficial ownership transparency. At the same time the release outlines Cayman’s plans to ensure access to beneficial ownership information is granted based on legitimate interest protocols, in line with evolving global standards.
03 Dec 2024
Cayman Islands launches public consultation on Beneficial Ownership Transparency Regulations
On 11 October 2024, the Cayman Islands Ministry of Financial Services and Commerce announced that it is seeking public feedback on two key regulations under the Beneficial Ownership Transparency Act, 2023.
22 Oct 2024
BVI deposit insurance scheme CEO appointed
On 1 August 2024, the BVI Financial Services Commission announced the recent appointment of Ms Lisa Ann Violet as the first Chief Executive Officer of the Virgin Islands Deposit Insurance Corporation. VIDIC, together with the FSC, maintains a co-monitoring partnership in order to safeguard the financial stability of the Territory.
10 Sep 2024