Amendment to the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 (the AML Code)

The BVI Financial Services Commission (FSC) has amended the AML Code to allow for client due diligence to be conducted via electronic platforms.  The amendment to the AML Code supports the use of digital financial technology resources to facilitate client identification and verification.  The amendment to the AML Code was published in the BVI Gazette on 19 July 2018 and came into effect on 1 August 2018.  Access the amendment here.

Categories: Industry Update

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