Notice (S.I. No. 47 of 2024) commencing the Anti-Money Laundering (Amendment) Regulations, 2024

Summary

This is a short commencement notice issued by the Minister for Financial Services, Labour and Trade under the BVI Anti-Money Laundering (Amendment) Regulations, 2024 (S.I. No. 43 of 2024). It does not itself change any AML requirements; it simply fixes the date on which those amendment regulations take legal effect.

• Effective date declared: The Minister appoints 15 October 2024 as the date on which the Anti-Money Laundering (Amendment) Regulations, 2024 come into force.
• Legal mechanism: Made under regulation 1(2) of the Anti-Money Laundering (Amendment) Regulations, 2024, which had left the commencement date to be fixed by later Gazette notice.
• Publication: Gazetted 22 October 2024, though the Minister made the notice and fixed the date on 15 October 2024.

Readers seeking the substantive AML obligations should consult the underlying Anti-Money Laundering (Amendment) Regulations, 2024 (S.I. No. 43 of 2024) directly, as this notice only confirms their commencement date and creates no independent compliance duties.

Deadlines

• 15th October, 2024: Date on which the Anti-Money Laundering (Amendment) Regulations, 2024 come into force.