The Financial Action Task Force says the British Virgin Islands has improved its anti-money-laundering and counter-terrorist-financing framework since entering increased monitoring in June 2025, but the territory remains on the list commonly called the grey list.
FATF credited the BVI with making accurate, current beneficial-ownership information available to competent authorities, improving the quality and risk alignment of suspicious-activity reports, and adding human resources to law-enforcement agencies.
Five action-plan areas remain: strengthening risk-based supervision of trust and company service providers, investment businesses and virtual-asset service providers; sanctioning beneficial-ownership breaches; improving international financial-intelligence dissemination; systematically pursuing money-laundering cases in line with risk; and increasing seizure and confiscation of criminal proceeds.
Increased monitoring is not a call for blanket enhanced due diligence or cutting off entire customer groups. FATF says jurisdictions should apply a risk-based approach while the BVI completes the remaining actions; the October decision did not remove the territory from monitoring or set an exit date.
The BVI government and Financial Services Commission should publish a public tracker for the five remaining FATF actions, with responsible agencies, milestones, enforcement results and evidence submitted for the next review.
Source published October 30, 2026; publication time not displayed. Read the original reporting or release for the complete record.
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