Caribbean Regulatory Update – Q3 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.