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Anti-Money Laundering & Combatting Terrorist Financing Guidelines for the Banking Sector
Policies & Guidelines
The BVI Financial Services Commission (FSC) continues to support licensees’ understanding of their AML/CFT obligations through the issuance of the Anti-Money Laundering & Combatting Terrorist Financing Guidelines for the Banking Sector.
The guidelines provide practical guidance to banking institutions on the obligations created under the jurisdiction’s AML/CFT framework and describe the components necessary for implementing suitable AML/CFT programmes within banks. Banks should use these guidelines as a tool to aid in compliance with AML/CFT obligations under the Territory's legislation, as well as the Recommendations of the Financial Action Task Force.
See Guidelines attached below.
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