Covering the full spectrum of financial services regulatory, tax and compliance work, the team at Harneys acts for both regulated and non-regulated entities. Its slate of work regularly includes anti-money laundering and terrorist financing compliance, financial services regulations, sanctions, data protection work and economic substance issues. Leadership of the practice is shared by a trio of lawyers: Philip Graham, head of the firm's transactional team in the BVI, as well as being global head of regulatory and compliance, excels in investment funds regulatory law; Ayana Hull’s experience spans large-scale development and infrastructure projects, and enforcement and regulatory actions; and London-based global head of regulatory and tax Aki Corsoni-Husain.

In regulatory and compliance law, the 'strong cross-jurisdiction practice with deep experience' housed at Ogier's Tortola office is a specialist destination for BVI financial services and investment business regulation. Its broad range of financial services regulation work has included diverse matters from establishing new corporate credit card structures, to indirect ownership changes, and trust license applications. The firm is also a market leader in fintech advice, assisting with innovative businesses and structures, including token offerings and related financings, platform launches, and applications for registration under the BVI virtual assets service providers act. Michael Killhoury co-leads the department and is leader of all transactional practices in the BVI for the firm. Alongside him leading the team is Jersey-based Simon Schilder, who practices BVI law full-time and is counsel of choice to a host of major investment managers. David Mathews comes highly recommended by clients, and Marie-Claire Fudge is a further key name.

Walkers BVI is part of the firm's cross-Caribbean offering in regulatory and compliance law, with the firm's Cayman Islands office handling a share of complex work relating the the BVI. Notable clients from across the banking, insurance and reinsurance, and investment sectors look to the firm for assistance with financial regulation and risk management issues, as well as contentious and advisory matters. Lucy Frew at the Cayman office oversees the BVI regulatory practice too and has particularly deep experience in fintech regulation. Andrew Howarth is a further key contact at the Cayman office, and Sara Hall in London bolsters the financial services and international regulation offering. Iona Wright is the contact to note in the BVI and stands out for her knowledge of the regulatory aspects of investment funds.

Appleby is equipped to cover the full range of areas of business and financial services regulation, including compliance, corporate governance, regulatory and risk advisory matters. Issues related to blockchain, cryptocurrencies and digital assets are a recent strength for the team as well as being a focus for practice head Jeffrey Kirk. Andrew Jowett and Peter Colegate, who are based in Jersey and the Cayman Islands, respectively, are key partner contacts for BVI regulatory matters. Corporate and financing expert Shana Simmonds-Lewis is sought out for advice in this area, and Brittany Cummings is another BVI contact to note.

Carey Olsen's regulatory team is a key component of its wider transactional and financial services offerings, with practitioners that have experience frequently engaging with the regulators. The practice is adept in both contentious and non-contentious work, with a particularly strong client base in finance and with leading trust companies. Elizabeth Killeen leads the department and is a dedicated regulatory law expert, well versed in advising CSPs, trust companies and registered agents, as well as supporting regulated entities on restructuring advice, FSC notices, ITA applications, and economic substance technicalities. Corporate and commercial partner Clinton Hempel is an experienced name to note in this team, while Katrina Lindsay is the standout support to Killeen, following the departure of Jude Hodge in February 2024.

Mourant's regulatory and compliance team supports clients in the Caribbean and internationally, acting for a number of multinational banks and corporations, as well as HNWI clients. The practice is frequently engaged as part of large teams of counsel on cross-border transactional matters, while also being a strong choice for contentious regulatory inspections and investigations. In BVI, corporate partner Ian Montgomery is the senior contact overseeing the practice, with the wider team co-led by Cayman Islands-based Sara Galletly. Saraid Taylor's practice encompasses corporate, regulatory and investment funds advice and she is the most active of the BVI-based lawyers in this area.