The Turks and Caicos Islands Financial Services Commission published a release on its Virtual Assets Regulatory Implementation Workshop held from 22 to 25 June 2026 to support implementation planning for the proposed Virtual Assets Business Bill 2026. The event brought together 40 to 50 in-person and online participants from government, law enforcement, financial services and the private sector to build regulatory, technical and supervisory preparedness for virtual asset activities in the jurisdiction. The programme included practical training on blockchain concepts, decentralized finance, Web3, cybersecurity and the Travel Rule, using case studies and live simulation exercises. Targeted sessions addressed the proposed bill's operational and compliance implications for prospective virtual asset service providers, corporate service providers, financial institutions and designated non-financial businesses and professions. The workshop also focused on anti-money laundering and countering the financing of terrorism safeguards, customer due diligence, verification of ultimate beneficial ownership, risk-based compliance, governance, consumer protection and supervisory cooperation. Participating agencies included the Financial Intelligence Agency, Attorney General’s Chambers, Gaming Commission, Border Force Services, Royal Turks and Caicos Islands Police, Invest Turks and Caicos and the Office of the Director of Public Prosecutions. The release says the Financial Services Commission and partner agencies will continue stakeholder engagement, training and implementation planning as the proposed Virtual Assets Business Bill 2026 is refined and prepared for rollout.
Turks & Caicos Financial Services Commission2026-07-09
Turks and Caicos Islands Financial Services Commission advances readiness for proposed virtual assets law through implementation workshop
The Turks and Caicos Islands Financial Services Commission said its 22 to 25 June 2026 virtual assets workshop was used to prepare public and private sector participants for the proposed Virtual Assets Business Bill 2026. Training covered blockchain, DeFi, Web3, cybersecurity and the Travel Rule, with a strong focus on AML/CFT controls, due diligence, ultimate beneficial ownership checks and risk-based supervision. The commission and partner agencies will continue engagement and implementation planning as the bill is refined for rollout.