|
No
|
Relevant Person/ Relevant Business
|
Interpretation
|
BVI Laws
|
|
1
|
Legal Practitioners, Notaries Public or Accountants
|
Such person(s) are accountable when:
- buying and selling of real estate;
- managing of client money, securities or other assets;
- management of bank, savings or securities accounts;
- organization of contributions for the creation, operation or management of companies; and
- creation, operation or management of legal persons or arrangements, or buying and selling of business entities.
|
Reg. 2(1)(i) of the AML Regs.
|
|
2
|
Real Estate Agents
|
The business of acting as a real estate agent when engaged in a transaction for a client concerning the buying and selling of real estate.
|
Reg 2(1)(j) of the AML Regs
|
|
3
|
Dealers in precious metals and stones/Jewellers
|
The business of dealing in precious metals or precious stones in its finished and unfinished form (accepting cash of $15K or more or its equivalent in other currency).
|
Reg. 2(1)(k) of the AML Regs.
Sections 2(1)(c) and 2(3)(c) of the Non-Financial Business (Designation) Notice, 2008 (“DNFB Notice”
|
|
4
|
Yacht Brokers
|
The business of buying and selling of boats which includes every description of vessel that is used in navigation.
|
Sections 2(1)(a) and 2(3)(a) of the DNFB Notice
|
|
5
|
Automobile Dealers
|
The business of buying and selling of motor vehicles, motor cycles, trucks and all other conveyances for the transportation of persons or goods, including heavy duty vehicles intended or adapted for use otherwise than for the transportation of persons and good.
|
Section 2 of the Road Traffic
Act, Cap .218
Sections 2(1)(b) and 2(3)(b) of the DNFB Notice
|
|
6
|
Furniture Dealers
|
The business of buying and selling of movable articles that are used to make a room or building suitable for living or working in, such as tables, chairs or desks
|
Sections 2(1)(d) and 2(3)(d) of the DNFB Notice
|
|
7
|
Dealers in Heavy Machinery
|
The business of buying and selling heavy equipment machines such as backhoes, bulldozers, excavators, cranes, etc.
|
Sections 2(1)(d) and 2(3)(d) of the DNFB Notice
|
|
8
|
Art Dealers
|
The business of buying and selling art relating to paintings and sculptures that are of intrinsic value.
|
Sections 2(1)(d) and 2(3)(d) of the DNFB Notice
|
|
9
|
Non-Profit Organisations
|
A body of persons whether incorporated or unincorporated, established solely or primarily for the promotion of charitable, religious, cultural, educational, social or fraternal purposes, or other activities or programmes for the benefit of the public, or a section of the public and which raises or disburses funds in pursuance of its objectives primarily within the Territory.
|
Section 2 of the Non-Profit
Organisations Act, 2012
|