Industry Circular 10 of 2024 - New AML Related Articles Published by the BVI FSC

Road Town, Tortola - The BVI Financial Services Commission (the Commission) announces the publication of the following articles:

·      BVI Financial Services Commission Launches its 2024/25 Inspection Plan

This article provides insight into the Commission’s upcoming inspection cycle, including which sectors will be targeted and the themes to be covered as part of the Commission’s on-site, and desk-based reviews.

·      BVIFSC Thematic Inspection Initial Findings – Reliance on Third Parties/Introduced Business Relationships

This article delves into the initial findings of concluded thematic inspections conducted on Third Party relationships including recommendations for complying with statutory requirements.

These and other articles can be found on the Commission’s new section dedicated to AML-related articles, which is now available under the AML/CFT Media page here. 

Queries related to this Circular should be directed to [email protected].