Industry Circular 5 of 2025 - AML/CFT Returns Deadline
AML/CFT Returns Deadline The BVI Financial Services Commission
(the Commission) is reminding all licensees that the deadline for
submitting AML/CFT returns for the 2024 reporting period is 31 March
2025. Persons that are required to file annual AML/CFT returns
include:
a person holding a licence issued pursuant to any of
the following-
Section 10 (1) of the Banks and Trust
Companies Act, 1990;
Section 4 (3) of the Company Management
Act, 1990;
Section 6 (2) of the Securities and Investment
Business Act, 2010;
Section 8 (2) of the Insurance Act, 2008;
Section 476 of the Insolvency Act, 2003;
Section 9 (2)
of the Financing and Money Services, 2010;
a person holding a
licence as an insurance manager or insurance intermediary pursuant to
section 40 (2) of the Insurance Act, 2008;
a person approved
as an approved investment manager pursuant to regulation 7 (1) of the
Investment Business (Approved Managers) Regulations, 2012; or
a person registered as a Virtual Asset Service Provider (VASP)
pursuant to section 7(1) of the Virtual Assets Service Providers Act,
2022.
All returns should be filed using the Commission’s
VIRRGIN Returns System, which can be accessed at https://amlreturns.
bvifsc. vg/#/. Users who are not currently registered must register
through the ‘New User Registration’ link on the login page. Once
registered, licensees will be able to complete their AML/CFT returns
online and submit them directly to the Commission. A step-by-step
guide on how to register and file your AML/CFT returns on the VIRRGIN
Returns system can be found here. Queries relating to the submission
of the AML/CFT Returns or access to VIRRGIN Returns should be sent
to [email protected].