The British Virgin Islands Financial Services Commission has published its 2025 anti-money laundering, counter-terrorist financing and counter-proliferation financing (AML/CFT/CPF) policy alongside a 2025-2027 strategy setting out a three-year roadmap for supervisory and enforcement activity. The package builds on the Commission’s 2020 AML/CFT policy and strategy and is intended to support the Virgin Islands’ national AML/CFT/CPF policy and strategy. The 2025 policy retains four core areas of focus, supervision, enforcement, promotion of cooperation, and stakeholder awareness and outreach, but separates the policy framework into distinct AML, CFT and CPF policies. Each strand describes relevant threats and sets out key vulnerabilities affecting the Commission’s ability to mitigate risk, with the AML strand also identifying risk factors that elevate exposure for financial institutions in the Territory. The 2025-2027 strategy translates the policy objectives into action items across the four focus areas, with the stated aim of strengthening supervisory and enforcement mechanisms, reducing non-compliance, and supporting alignment with international standards.
British Virgin Islands Financial Services Commission 2025-02-21
British Virgin Islands Financial Services Commission publishes 2025 AML CFT CPF policy and 2025-2027 implementation strategy
The British Virgin Islands Financial Services Commission has released its 2025 AML/CFT/CPF policy and a 2025-2027 strategy outlining a three-year roadmap for supervisory and enforcement activities. The policy focuses on supervision, enforcement, cooperation, and stakeholder awareness, separating the framework into distinct AML, CFT, and CPF policies. The strategy aims to enhance supervisory and enforcement mechanisms, reduce non-compliance, and align with international standards.