73 results found

Offerings of new cryptocurrencies, tokens and other virtual assets (collectively, ICOs) have raised billions of dollars in recent years.

The VASP Act is being introduced to implement certain recommendations of the Financial Action Task Force and to demonstrate the BVI's continued commitment and responsiveness...

While the Cayman Islands has forged a deserved reputation as the leading offshore jurisdiction for investment funds, in recent years the British Virgin Islands (BVI) has gained increasing popularity...

With flexible and commercially minded legislation, an innovative approach to anti-money laundering (AML) compliance, political stability and an internationally recognised securities regulatory regime.

The BVI has opened applications for exemption from disclosure of beneficial ownership information via the VIRRGIN platform, ahead of the 1 April 2026...

On 13 June 2025, the Financial Action Task Force added the British Virgin Islands to its Monitoring List or ‘Grey List'.

There is no bar on private prosecutions for the vast majority of criminal offences; therefore, in theory, any authority or private party may prosecute.

The British Virgin Islands' inclusion on the EU's anti-money laundering high-risk country list creates specific compliance obligations for BVI funds marketed under AIFMD, while having limited broader impact on BVI vehicles.

In this review of taxation and the British Virgin Islands, Conyers Corporate Counsel Nicholas Kuria discusses some of the most commonly misunderstood notions relating to the use of offshore jurisdictions, with a focus on the BVI.

2023 was certainly a tumultuous and difficult year by any standard. Leaving aside geopolitical conflicts, high interest rates, rampant inflation, and slowing growth...

Fines and penalties for breaches of the BVI’s anti-money laundering ("AML") regime have been significantly increased through recent amendments to the Proceeds of Criminal Conduct Act.

With effect from 1 December 2022, all BVI entities that fall within the definition of a virtual asset service provider (a "VASP"), as set out in the recently amended BVI Anti-Money Laundering Regulations (the "AML Regulations") and ...

An AML/CFT Return refers to the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Return, which is an annual reporting requirement for certain BVI regulated entities...

In this article, Nicholas Kuria discusses some of the most glaringly misguided notions relating to the use of offshore jurisdictions, with a focus on the British Virgin Islands.

The Virtual Assets Service Providers Act, 2022 (the "VASP Act") came into force on 1 February 2023. The VASP Act regulates virtual asset service providers ("VASPs") and requires...

Prior regulatory approval is now required for MLRO appointments – previously it was a notification requirement that had to be submitted within 14 days of the MLRO appointment. Firms in scope will now need to factor...

The British Virgin Islands ("BVI") Virtual Assets Service Providers Act, 2022 ("VASP Act") came into force on 1 February 2023 and provides a registration regime for virtual asset service providers.

Since Russia's military incursion in Ukraine began in February 2022, the UK has introduced an extensive package of economic sanctions against Russia.