Regulatory

Regulatory compliance has evolved significantly over the last 10 years and is the responsibility of all stakeholders…

Historically, regulatory compliance in BVI was focussed on the service provider and professional client.  This typically involved the need to properly run your company, gate-keep to a defined standard, and to analyse risk and review activities in a structured fashion.  Regulatory compliance has expanded hugely, to now include more thorough and structured gatekeeping and review processes, economic substance and tax residence considerations, Common Reporting Standards and FATCA, beneficial ownership reporting, and a host of other domestic and supra-national requirements, which involve the client and advisors as much as the BVI service provider. 

The enforcement capacities and penalties for non-compliance have grown with reporting needs and an error or oversight can have very costly and lasting consequences.  We expect that stakeholders’ global regulatory obligations will continue to grow, in both scope and complexity, as will the penalties and sanctions for failing to meet those obligations effectively.  Our expert partnership with you and your advisors is invaluable in helping you fully comply with not only today’s, but tomorrow’s regulatory requirements.