BVI’s 2025 Meet The Regulator Forum highlights
09 Sep 2025
|
The BVI Financial Services Commission published the presentations from the 2025 Meet The Regulator Forum. The forum focused on Beneficial Ownership (BO) transparency, stakeholder consultations and policy updates. Key takeaways include:
- International developments:
- FATF Recommendation 24 and EU AML Directive 6 emphasise legitimate interest for BO access.
- Stakeholder feedback:
- Concerns over media/NGO access, short objection periods and privacy safeguards.
- Support for exemptions for minors, high-risk individuals and enhanced data protection.
- Policy on BO access:
- Access limited to entities with legitimate interest (e.g., AML/CFT purposes).
- Information disclosed: Name, birth month/year, nationality and ownership (25%+).
- Strict confidentiality, penalties for misuse and a 12-day access timeline.
- Exemptions:
- Grounds include risks like fraud, national security or public interest.
- Applications processed via the VIRRGIN system.
- Implementation timeline:
- Transitional period: July 2025–March 2026.
- Full regime operational by April 2026.
For more detailed information, the 2025 Meet The Regulator Forum presentation can be found here
+- 
+-