BVI FSC calls for feedback on amendments to AML/CFT legislation
19 Jul 2022
On 7 July 2022, the BVI Financial Services Commission (FSC) released a public consultation asking for opinions and comments on the proposed amendments to Anti-Money Laundering Regulations and Anti-Money Laundering and Terrorist Financing Code of Practice. The proposed amendments are geared towards compliance with international standards established by the Financial Action Task Force (FATF) and also intended to modernise and clarify existing provisions within the legislation.
The proposed amendments have been outlined and tracked in the current Anti-money Laundering Regulations and Anti-Money Laundering and Terrorist Financing Code of Practice, as listed below:
▪ Draft Amended Anti-money Laundering Regulations
▪ Draft Amended Anti-Money Laundering and Terrorist Financing Code of Practice
Feedback and opinions must be submitted to email@example.com by Wednesday 20 July 2022.
FSC’s press release can be found here.