Caribbean Regulatory Update – Q2 2025

This Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter – including revised BVI financial sanctions guidelines, recent BVI FSC guidance and circulars, amendments to the Cayman Islands beneficial ownership regime and details of phase two of the Cayman Islands virtual asset service providers framework.

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 Q2 2025

Revised Sanctions Guidelines

CRS lists of reportable and participating jurisdictions

Guidance on an effective approach to ongoing monitoring

BVIFARS Payment User Guide published

Revised fees for MLRO, director and senior officer approval

BVI Handbook on International Cooperation and Information Exchange

Extension to initial annual return filing deadline

Mutual Legal Assistance (United States of America) (Amendment) Act, 2025

Beneficial ownership filings implementation update

BVI FSC Statistical Bulletins and Annual Report

BOSS System fees

Financial Services Commission (Amendment) Act 2024

BVI FSC Industry Circular – AML/CFT Returns Deadline

Legislation to address the 4^th Round Mutual Evaluation Report

AML/CFT Policy and Strategy

BVI FSC Newsletter: Quarter 1 of 2025

Industry circular – Proliferation financing risk

Mourant Guides and Updates

Key Cayman Updates in Q2 2025

Phase 2 of VASP legislation in force

Trade and Business Licensing (Amendment of Schedule 1) Regulations, 2025

Amendments to beneficial ownership legislation

2025 Revision laws

Additional beneficial ownership guidance

Misuse of Drugs (Amendment) Act, 2024

Industry Advisory: defence Against Money Laundering (DAML) / Consent Regime

OECD Harmful Tax Practices Peer Review

CRS lists of reportable and participating jurisdictions

Mourant Guides and Updates

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.