Notice Bringing the Proceeds of Criminal Conduct (Amendment) Act, 2025 into Force (SI 2025 No. 58)

Summary

This is a short commencement notice made by the BVI Minister of Finance, formally declaring the date on which the Proceeds of Criminal Conduct (Amendment) Act, 2025 (No. 7 of 2025) comes into force. It does not itself set out new substantive obligations; it simply activates the amendment act.

• Effective date: The Proceeds of Criminal Conduct (Amendment) Act, 2025 came into force on 6 June 2025.
• Gazetted: The notice was gazetted on 20 June 2025.
• Legal basis: Made by the Minister of Finance under section 1(2) of the Proceeds of Criminal Conduct (Amendment) Act, 2025.

Readers seeking the actual compliance changes (e.g. new AML/CFT duties or definitions) should consult the text of the Proceeds of Criminal Conduct (Amendment) Act, 2025 itself, as this notice only fixes its commencement date.

Deadlines

• 6th June 2025: Date on which the Proceeds of Criminal Conduct (Amendment) Act, 2025 comes into force