The CFATF Recognises The Significant Progress That The BVI Has Made To Improve Its Compliance With The FATF's 40 Recommendations

• Published date: 25 November 2025
• Subject Matter: Finance and Banking, Compliance, Financial Services
• Law Firm: Walkers
• Author: Ms Lucy Frew and Iona Wright

Key takeaways

• The CFATF has published the 2nd Enhanced Follow-up Report in relation to the BVI.

• The CFATF has upgraded the BVI's technical compliance rating in relation to four of the FATF's 40 Recommendations.

• The BVI is now rated as compliant or largely compliant with all of the FATF's 40 Recommendations.

As announced by the Government of the British Virgin Islands (the 'BVI') on 4 November 2025, the Caribbean Financial Action Task Force (the 'CFATF') has published the 2nd Enhanced Follow-up Report in relation to the BVI (the 'Report'). The Report recognises the significant progress the BVI has made to...