Caribbean Regulatory Update – Q3 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 – Extension of filing deadline for filing of beneficial ownership information, register of members and director information, and registers of general partners and limited partners

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 – Order of Returns

BVI FIA Notice to DNFBPs and NPOs – Approval and appointment of MLRO

Asset Seizure and Forfeiture Act amendments

Drug Trafficking Offences Act amendments

Proceeds of Criminal Conduct Act amendments

Criminal Justice (International Cooperation) Act amendments

Customs Management and Duties Act amendments

Merchant Shipping Act amendments

Mutual Legal Assistance (United States of America) (Amendment) Act amendments and Mutual Legal Assistance (Tax Matters) Act amendments

Mourant Guides and Updates

Mourant Online Training

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.