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【Wealth Succession】BVI: New enforcement powers for financial sector regulator

Further amendments to the British Virgin Islands’ (BVI') financial regulation regime have now come into force. The Financial Services Commission (Amendment) Act 2022 expands the regulator's powers to include issuing disqualification orders against directors, general partners or limited partners, suspending and withdrawing licence approvals, directing the removal of persons within licensees and taking steps to prevent abuse of customers by licensees...

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