Harneys is a full-service offshore law firm offering expert legal advice on the laws of jurisdictions including the British Virgin Islands, Cayman Islands, Luxembourg, and more. Established in 1960, the firm has grown to 11 global locations with over 180 lawyers, serving top law firms, financial institutions, investment funds, and high-net-worth individuals. Harneys provides comprehensive legal support across transactional, contentious, and private client matters, often in collaboration with Harneys Fiduciary, which delivers corporate and wealth management services. Known for its role in shaping offshore jurisprudence, the firm also advises on legislative developments and excels in handling complex cross-border transactions and disputes.
On 18 January 2024, the BVI Financial Services Commission, in accordance with regulatory requirements, published Circular 2 of 2024 to remind all regulated persons under various...
On 18 January 2024, the BVI Financial Services Commission, in
accordance with regulatory requirements, published Circular 2 of
2024 to remind all regulated persons under various licencing
categories of the upcoming deadline for Anti-Money Laundering
Returns submission.
All licenced entities and approved providers must submit their
AML Returns for the 2023 reporting period by 31 March
2024. Failure to meet this deadline will result in
penalties.
Additionally, manual filings will no longer be accepted, and all
submissions must be made online through the VIRRGIN Returns AML/CFT
Returns Portal.
The Circular provides a list of affected entities and emphasises
the importance of compliance with regulatory requirements and can
be accessed here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
