CHANGES TO THE BVI’S AML REGIME

On 1 July, an article from Mourant said that the BVI is introducing a new package of legislation to provide a robust framework for AML/CFT/CPF.  The legislative framework is being brought in as part of the extensive preparations for the jurisdiction’s onsite Fourth Round Mutual Evaluation assessment by the Caribbean Financial Action Task Force – which, notably, will consider for the first time the effectiveness of the territory’s AML/CFT/CPF measures.

https://www.mourant.com/news-and-views/updates/updates-2021/changes-to-the-bvi-s-aml-regime.aspx

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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