On 9 February 2024, the BVI Financial Investigation Agency (FIA) issued an updated Money Laundering Reporting Officer (MLRO) Notification Form. The updated form must be used by relevant...

On 31 January 2024, a Memorandum of Understanding (MoU) between the BVI Financial Services Commission (FSC) and the BVI Financial Investigation Agency (FIA)...

On 19 January 2024, the European Union published Council Regulation (EU) 2024/386, establishing a dedicated framework of restrictive measures specifically targeting individuals or entities that support.

On 13 June 2025, the Financial Action Task Force (FATF) announced that the British Virgin Islands (BVI) has been added to its Grey List of jurisdictions "under increased monitoring".

On 15 October 2024, amendments to the Anti-Money Laundering Regulations (As Revised) ("AML Regulations"), previously published in the Gazette, came into force.

The British Virgin Islands is scheduled to undergo its Fourth Round of Mutual Evaluation by the Caribbean Financial Action Task Force in 2017.

As widely expected, the British Virgin Islands ("BVI") is shortly bringing into force new legislation to implement the Financial Action Task Force's standards on virtual assets and virtual asset...

The British Virgin Islands Financial Services Commission (the “FSC”) has made significant changes to the BVI’s Anti Money Laundering and Terrorist Financing Code of Practice (the “Code”) impacting upon all BVI entities and professionals and further modifying the Code’s effects on BVI mutual funds and fund managers and administrators.

Pending completion of its recommended actions under the BVI Mutual Evaluation Report published by the Caribbean FATF in February 2024, the BVI has been included on the FATF's list...

BVI updates its beneficial ownership regime in 2025, requiring companies and partnerships to file up-to-date ownership information with the Registrar.

This publication has been prepared for the assistance of those who are considering the law of the British Virgin Islands ("BVI") as it pertains to anti-money...

The Proceeds of Criminal Conduct Act (the "PCCA") is the primary legislation in the British Virgin Islands ("BVI") intended to effectively combat the activity of money laundering.

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

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

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.

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...

Pursuant to section 45(1)(b)(ii) of the Regulatory Code, Licensees are required to submit an annual compliance report to the Financial Services Commission (the "Commission") in the prescribed form.

The issue of beneficial ownership information for legal entities, and particularly whether such information should be publicly available and freely accessible has been a major...

Regulatory clarity in the digital assets and crypto space continues to be a moving target. Yet, the interest among policymakers and regulators worldwide has never been more pronounced.