Caribbean Regulatory Update – Q4 2024
03 October 2024
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 Business Companies Act, economic substance reporting requirements and anti-money laundering legislation in the BVI, and changes to the Cayman Islands beneficial ownership regime.
See below for more details on the topics covered in this Update.
Key BVI Updates in Q3 2024
Amendments to the BVI Business Companies Act
Beneficial Ownership Secure Search System Act amendments
Amendments to the AML Regulations
Amendments to the AML Code
Industry circular – Filing of annual returns
Incoming amendments to financial services legislation
Amendment of Securities and Investment Business Act
AML/CFT/CPF guide for the investment business sector
VASP Travel Rule Guidance
FSC Newsletter: Quarter 3 of 2024
FSC Statistical Bulletin Q2 2024
NPO Terrorist Financing Risk Assessment
Guidance on best practices to protect NPOs from TF misuse
Virgin Islands Shipping and Maritime Authority
TCSP outreach
Extended list of Relevant Foreign Countries for the purposes of Part XIX Insolvency Act
Inaugural BVI Mourant Regulatory Conference
Mourant Guides and Updates
Key Cayman Updates in Q3 2024
Changes to the beneficial ownership regime in force
Proceeds of Crime Act amendments reminder
Amendments to the Perpetuities Act
CIMA's 2023 Annual Report
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.
