Caribbean Regulatory Update – Q3 2023
11 July 2023
This Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter – including, for the BVI, updates relating to FATCA, CRS and the recently published Virgin Islands Money Laundering Risk Assessment 2022 and, for Cayman, details of the latest regulatory measures, Cayman's progress with the FATF and upcoming regulatory deadlines.
See below for more details on the topics covered in this Update.
Key BVI Updates in Q3 2023
IRS Tax Identification Number update for FATCA
Virgin Islands General Licence No. 3, 2023
FSC Newsletters
Q1 2023 BVI FSC Statistical Bulletin
List of participating jurisdictions for CRS updated
Industry Circular: Registry's Corner
Money Laundering Risk Assessment 2022
Key Cayman Updates in Q3 2023
Cayman's progress with the FATF
CRS and FATCA regulatory deadlines
Economic substance notifications for general partnerships
DITC Updates Bulletin: June 2023
Amendment bills gazetted
General Licence 2023/0002 – Legal Services
Proposed amendments to the Proceeds of Crime Act
Update to list of sanctions targets by regimes in force in the Cayman Islands
CIMA rules and statements of guidance issued
Supervisory Information Circular for Insurers
Latest edition of The Anchor
CIMA's Thematic Cybersecurity Review Report 2023
CRS lists of participating and reportable jurisdictions
For additional information or for any questions, please reach out to your usual Mourant contact or one of the key contacts provided on this page.
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About Mourant
Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
