As outlined in our Q1 2025 review, important amendments to BVI company law came into effect as of 2 January 2025, including a requirement to file beneficial ownership information through the VIRRGIN system maintained by the...more
8/18/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
British Virgin Islands ,
BSA/AML ,
BVI Business Companies ,
Corporate Sales Transactions ,
Disclosure Requirements ,
Filing Deadlines ,
Ownership Interest ,
Regulatory Requirements ,
Reporting Requirements
Welcome to the final edition of our Quarterly Corporate Update for 2024 covering recent developments in the British Virgin Islands.
The fourth quarter of 2024 saw continued strong activity in the BVI office. Our corporate...more
2/27/2025
/ Acquisitions ,
Beneficial Owner ,
British Virgin Islands ,
Business Entities ,
Corporate Governance ,
Corporate Transparency Act ,
Disclosure Requirements ,
Incorporation ,
Investment ,
Investment Funds ,
Mergers ,
Private Equity ,
Registered Funds ,
Regulatory Requirements ,
Reporting Requirements ,
Trusts
There have recently been a number of amendments to BVI company law. While many of these amendments are technical and will not have a material impact on clients, there are some key changes of which clients should be aware...more
2/5/2025
/ Beneficial Owner ,
Business Entities ,
Business Ownership ,
BVI Business Companies ,
Compliance ,
Corporate Governance ,
Duty to Cooperate ,
Filing Requirements ,
Financial Services Committee ,
New Legislation ,
Penalties ,
Regulatory Authority ,
Regulatory Requirements ,
Reporting Requirements ,
Shareholders ,
Trusts ,
UK
Requirement to appoint a Money Laundering Reporting Officer (“MLRO”) -
Under the Anti-Money Laundering Regulations (Revised Edition 2020), as amended by the Anti-Money Laundering (Amendment) Regulations, 2022, and the...more
12/30/2022
/ Amended Regulation ,
Anti-Money Laundering ,
British Virgin Islands ,
BVI Business Companies ,
Common Reporting Standard (CRS) ,
FATCA ,
Financial Institutions ,
Financial Services Industry ,
Investment Adviser ,
Mutual Funds ,
OECD ,
Private Investment Funds ,
Regulatory Agenda ,
Reporting Requirements