Caribbean Regulatory Update – Q2 2025
08 April 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
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 4th Round Mutual Evaluation Report
BVI FSC Newsletter: Quarter 1 of 2025
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.
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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.
