Industry Circular 11 of 2025: Proliferation Financing Risk and Compliance- What You Need to Know

PROLIFERATION FINANCING RISK AND COMPLIANCE – 
WHAT YOU NEED TO KNOW

Tortola, British Virgin Islands - The BVI Financial Services Commission (the Commission) announces the release of three informative videos on Proliferation Financing (PF) and how to mitigate PF risk.  

The videos explain what PF is, provide examples of typologies and outline the responsibilities of supervised entities in mitigating PF risk, with a focus on ensuring ongoing monitoring, sanctions screening and proper reporting.

Licensees are encouraged to consider the information provided in these videos and use it to improve their understanding of PF risk and their obligations in mitigating these risks. Licensees should encourage their staff to view these and other videos and to familiarise themselves with all guidance issued by the FSC.

The FSC reminds licensees to remain vigilant in relation to evolving ML, TF and PF threats, as well as other threats that can negatively impact their operations,  and to be diligent in the application of AML/CFT/CPF measures to allow for continuous improvement in the efficiency and effectiveness of their AML/CFT/CPF compliance.

The videos are available for viewing here on the Commission’s website.

Persons can stay updated on all AML/CFT matters by visiting the AML/CFT page of the Commission’s website regularly.

Questions regarding this Circular should be directed to [email protected].