British Virgin Islands' jurisdictional requirements | Notabene Knowledge Hub

Notabene Knowledge Hub

All CollectionsJurisdictional RequirementsAMERICAS

British Virgin Islands' jurisdictional requirements

British Virgin Islands' jurisdictional requirements

C

Written by Catarina Veloso

Updated over a year ago

In the BVI Travel Rule requirements are set forth in the ANTI-MONEY LAUNDERING AND TERRORIST FINANCING (AMENDMENT) CODE OF PRACTICE, 2022 ("Regulations").

Threshold

Amount	Currency	Source
1000	USD	Confirmed with the local regulator

Required Originator and Beneficiary information vs Notabene system

Party to the TX	*Required information ()**	IVMS field	Required < Threshold?	Required > Threshold? ()**
Originator	Name	`name`	No	Yes
Originator	Address	`geographicAddress`	No	Yes
Originator	Account number	`accountNumber`	No	Yes
Originator	Date and place of birth	`dateAndPlaceOfBirth`	No	OR
Originator	Customer identification number	`customerIdentification`	No	OR
Originator	National identity number	`nationalIdentification`	No	OR
Beneficiary	Name	`name`	No	Yes
Beneficiary	Account number	`accountNumber`	No	Yes

(*) Section 41B and 41C of the Regulations

(**) YES = Required ; OR = Alternative fields