Harneys is a full-service offshore law firm offering expert legal advice on the laws of jurisdictions including the British Virgin Islands, Cayman Islands, Luxembourg, and more. Established in 1960, the firm has grown to 11 global locations with over 180 lawyers, serving top law firms, financial institutions, investment funds, and high-net-worth individuals. Harneys provides comprehensive legal support across transactional, contentious, and private client matters, often in collaboration with Harneys Fiduciary, which delivers corporate and wealth management services. Known for its role in shaping offshore jurisprudence, the firm also advises on legislative developments and excels in handling complex cross-border transactions and disputes.
The changes update the BVI's long standing AML regime to ensure
continued compliance with developing international standards on
transparency and AML.
The main change is to the treatment of introductions to BVI service
providers. In particular, from 1 January 2016, registered agents
are required to obtain and retain certain beneficial owner
information for new companies registered in the BVI even if
introduced by regulated services providers in recognised
jurisdictions. Transitional arrangements apply for existing
companies.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
