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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Russia sanctions update: UK exempts Russian-origin diesel and jet fuel from Russian crude new import ban
On 19 May 2026, the Department for Business and Trade published General Trade Licence GBSAN0004. The Licence exempts diesel and jet fuel refined from Russian-origin crude oil in third countries from the new import ban introduced under Chapter 4IB of the Russia Regulations 2019. It came into force on 20 May 2026, has no fixed end date and will be periodically reviewed by the Secretary of State.
09 Jun 2026
UK significantly ramps up Russia trade sanctions (May 2026): What you need to know
On 20 May 2026, the Russia Regulations 2026 came into force, significantly expanding the UK's sanctions regime against Russia. Made by the Secretary of State under the Sanctions and Anti-Money Laundering Act 2018, these Regulations amend the Russia Regulations 2019 and introduce a range of new trade and shipping prohibitions.
02 Jun 2026
New UK Russia sanctions take aim at global cryptocurrency exchanges
On 26 May 2026, the UK Foreign, Commonwealth & Development Office announced 18 new designations under the Russia Regulations 2019, targeting cryptocurrency exchanges, financial intermediaries, and key individuals linked to Russia's sanctions evasion infrastructure.
29 May 2026
EU reaches political agreement for sanctions on Israeli settlers
On 11 May 2026, the European Union's foreign ministers reached a unanimous agreement to impose restrictive measures on Israeli settlers and settler organisations over violence against Palestinians in the occupied West Bank. The sanctions arise against the backdrop of escalating tensions in the West Bank.
28 May 2026
Latest updates on Jersey's sanctions regimes
The Jersey Financial Services Commission updated its sanctions list, which includes measures implemented and enforced by Jersey. These sanctions are categorised by country and specific regimes, providing an overview of the legal acts, latest news, and Jersey's enforcement regime.
26 May 2026
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
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
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