BVI: A NEW PACKAGE OF LEGISLATION TO PROVIDE A ROBUST FRAMEWORK FOR AML/CFT/CPF

Another recent brief from Mourant concerned a new legislative framework being brought in as part of the extensive preparations for the onsite Fourth Round Mutual Evaluation assessment by the Caribbean Financial Action Task Force (CFTAF) in July 2022.  It details the first tranche of legislation, which was passed on 14 June and is expected to come into force shortly.  It then goes on to mention that planned for the second phase.

https://www.mourant.com/file-library/media—2021/changes-to-the-bvi-s-aml-regime.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

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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