Go to content
${facet.Name} (${facet.TotalResults})
${item.Icon}
${ item.ShortDescription }
${ item.SearchLabel?.ViewModel?.Label }
See all results
${facet.Name} (${facet.TotalResults})
${item.Icon}
${ item.ShortDescription }
${ item.SearchLabel?.ViewModel?.Label }
See all results

BVI Virtual Assets Service Providers Act 2022 is now in force

03 Feb 2023

The BVI Virtual Asset Service Providers Act, 2022 (the Act) came into force on 1 February 2023. Under the Act, virtual asset service providers (VASPs) within the regime must become registered with the BVI Financial Services Commission.

The regime comprises:

  • The VASP Act itself, here
  • BVIFSC Guidance to VASPs on the prevention of money laundering, terrorist financing and proliferation financing, here
  • BVIFSC Guidance on application for registration of a VASP, here

We have prepared a detailed legal guide which sets out:

  • What you need to know if your BVI entity is a VASP
  • How to prepare for and make an application to become registered
  • Documents and information required
  • Fees and timings

View the guide here.

Authors

Philip Graham Harneys front portrait image on a grey background
Ayana Hull Harneys front portrait image on a grey background
Mirza Manraj Harneys front portrait image on a grey background
Marc Piano Harneys front portrait image on a grey background
Myles Chingara Harneys front portrait image on a grey background
Need Regulatory help?
Contact us Contact us