Caribbean Regulatory Update – Q3 2025
07 July 2025
This Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter, including:
- amendments to the BVI beneficial ownership regime;
- BVI legislative amendments in response to the recommendations of the FATF Fourth Round Mutual Evaluation;
- updates on recent regulatory measures issued by Cayman Islands Monetary Authority;
- proposed amendments to the Cayman Islands virtual asset service providers legislative framework; and
- details of CRS and FATCA reporting deadlines and the CRS lists of reportable and participating jurisdictions published by the Cayman Islands Department for International Tax Cooperation.
For additional information or for any questions, please reach out to your usual Mourant contact or one of the key contacts on this page.
See below for more details on the topics covered in this Update.
Key BVI Updates in Q3 2025
Policy on Rights of Access to the Register of Beneficial Ownership for BVI Business Companies and Limited Partnerships
Amendments to the beneficial ownership regime
Beneficial ownership filing fees
Industry Circular - Registrar updates
Industry Circular - Filing initial annual returns
BVIFARS Payment Portal
BVI FSC Notice - Court ordered restoration process
Q1 2025 BVI FSC Statistical Bulletin
BVI added to the FATF AML grey list
BVI publishes National Strategic AML/CFT/CPF Action Plan
Publication of Terrorist Financing Risk Assessment 2025
BVI National Money Laundering, Terrorist Financing and Proliferation Financing Risk Assessment of Legal Persons and Legal Arrangements
BVI FIA Notice - DNFBP requirement to register
BVI FIA Notice to DNFBPs and NPOs – Approval and appointment of MLRO
Asset Seizure and Forfeiture Act amendments
Drug Trafficking Offences Act amendments
Criminal Justice (International Cooperation) Act amendments
Merchant Shipping Act amendments
Mourant Guides and Updates
Key Cayman Updates in Q3 2025
Filing deadline for audited financial statements and FAR forms extended to 7 July 2025
DITC Updates - CRS and FATCA
CIMA List of approved stock exchanges updated
CIMA Circular - Key Findings from Onsite Inspections of Registered Persons
CIMA Regulatory Policy on Licensing and Registration of Virtual Asset Service Providers
Virtual Asset (Service Providers) (Amendment) Bill
CIMA Regulatory Policy on Domestic Systematically Important Deposit-Taking Institutions
CIMA Regulatory Handbook updated
Mourant Guides and Updates
Mourant Online Training
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.
