Source: European Parliament
The Commission is fully aware of the Financial Action Task Force (FATF) Mutual Evaluation Report (MER) of the British Virgin Islands dated February 2024[1] and the shortcomings highlighted therein.
The British Virgin Islands have entered the FATF review process as a result of its mutual evaluation results. The jurisdiction has had a one-year Observation Period to work with its FATF-style regional body to address deficiencies before a formal review by the FATF.
The FATF will assess the progress made by the jurisdiction mid-2025 and decide on next steps. As a member of the FATF , the Commission takes an active part in the FATF process in order to ensure that EU’s concerns are duly taken on board.
- [1] https://www.fatf-gafi.org/en/publications/Mutualevaluations/bvi-mer-2024.html
Last updated: 31 March 2025