Iona Wright

Key Takeaways The Compliance Inspection Program will run from March 2026 to February 2027 with a focus on the trust corporate service providers, investment business and virtual assets service providers sectors. The program will assess both the design and effectiveness of licensees' internal control frameworks, in particular internal controls, internal audit functions, staff training arrangements and suspicious reporting procedures.

Lucy Frew’s articles from Walkers are most popular: in North America with readers working within the Utilities industries Walkers are most popular: within Criminal Law topic(s) Key takeaways On 4 December 2025, the European Commission adopted the Delegated Regulation proposing to include the BVI in the EU AML List; the Delegated Regulation will not come into force until the twentieth day following its publication in the Official Journal of the European Union.

Key Takeaways On 20 November 2025, the VISU published a notice requiring all BVI entities which hold or control funds or economic resources controlled, held or owned by a Designated Person to file a new annual report by 30 November 2025. BVI entities must use the template annual reporting form provided by the VISU. Details of the frozen assets must reflect the position as at 30 September 2025.