BVI Business Companies (Amendment) Act, 2024
The British Virgin Islands (the “BVI”) recently published the BVI Business Companies (Amendment) Act, 2024 (the “Amendment Act”), which introduces changes to the Act and ensures that the BVI keeps
Updates to Virgin Islands Anti-Money Laundering and Terrorist Financing Regulations, 2024
The Virgin Islands introduced updates to its Anti-Money Laundering (AML) and Terrorist Financing regulatory framework through the Anti-Money Laundering (Amendment) Regulations, 2024 and the Anti-Money Laundering and Terrorist Financing (Amendment)
Financial Service Commission Launches its 2024/2025 Inspection Plan
The BVI Financial Services Commission (‘the Commission’) announces the launch of its 2024/25 inspection Plan. The primary focus of the 2024/25 inspection plan will be on mitigating identified money laundering
BVIFSC Thematic Inspection Initial Findings
The BVI’s AML/CFT regime is comprehensive of its coverage of reliance on Third Parties.Provisions can be found in the Anti-Money Laundering and Terrorist Financing Code of Practice(AMLTF Code), and the