Guy Williamson

Oct 10, 2024 | mondaq.com | Guy Williamson |Richard Spencer |Robert Searle

The British Virgin Islands ("BVI") continues to strengthen its financial services sector by aligning with international standards, including those set by the Financial Action Task Force (FATF). The BVI Business Companies (Amendment) Act 2024 (the "Amendment Act"), which modifies the BVI Business Companies Act (the "Act"), was published in the BVI Gazette on 26 September 2024. While it has not yet come into force, it's anticipated to be implemented soon.

Jul 16, 2024 | mondaq.com | Robert Searle |Richard Spencer |Guy Williamson

Pursuant to the BVI Business Companies (Financial Return) Order, 2023 (the "Order") (available here), every BVI company is required to file with its registered agent an annual financial return (the "Annual Return") within 9 months of either the company's calendar year or, if the company's financial year is not a calendar year, the company's financial year.