Anti-Money Laundering And Terrorist Financing (Amendment) Code Of Practice 2017 Gazetted

The BVI's "recognised jurisdictions"

In Schedule 2 of the Anti-Money Laundering and Terrorist Financing Code of Practice 2008 (AMLTFCP), the British Virgin Islands (BVI) provides for a list of jurisdictions (commonly called the recognised jurisdictions) that have laws and regulations similar to that of the BVI. The principle advantage of placing reliance on Schedule 2 of the AMLTFCP is that business emanating from the recognised jurisdictions would generally attract the application of reduced client due diligence (CDD) measures. To date there are fifty-six jurisdictions listed in Schedule 2 of the AMLTFCP. These are:

• Andorra, Argentina, Aruba, Australia, Bahamas, Barbados, Bermuda, Belgium, Brazil, Bulgaria, Canada, Cayman Islands, Chile, China, Curacao, Cyprus, Denmark, Dubai, Estonia, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hong Kong, Hungary, Iceland, Ireland, Isle of Man, Italy, Japan, Jersey, Latvia, Liechtenstein, Luxembourg, Malta,