The Government of the Virgin Islands in partnership with the BVI Association of Compliance Officers, the BVI Association of Registered Agents and BVI Finance have launched a series of outreach sessions for the financial services industry under the theme ‘Collaboration & Commitment: Advancing Financial Services in the Virgin Islands.
These sessions bring together senior representatives of the Virgin Islands Government, the Financial Services Commission, the Financial Investigation Agency and the Attorney General’s Chambers, as well as the private sector, and aim to showcase the jurisdiction’s commitment to combating financial crime and address recommendations highlighted in its recent Caribbean Financial Action Task Force Mutual Evaluation Report.
The first session focused on sanctions compliance, recording and submitting Suspicious Transaction Reports and obligations around identifying and verifying beneficial owners; all themes that are critical for combatting illicit financial activity.
The Government of the Virgin Islands in partnership with the BVI Association of Compliance Officers, the BVI Association of Registered Agents and BVI Finance have launched a series of outreach sessions for the financial services industry under the theme ‘Collaboration & Commitment: Advancing Financial Services in the Virgin Islands’.
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Suspicious Activity/ Transaction Reports Filings and Red Flags (FIs and DNFBPs)
Virgin Islands and the Mutual Evaluation Process
Beneficial Ownership
Targeted Financial Sanctions
The BVI financial services sector gathered on October 5 for the second session of the Collaboration & Commitment: Advancing Financial Services in the Virgin Islands series. This seminar brought together over 150 industry professionals to address critical issues related to institutional risk assessments, compliance, and emerging trends in the sector.
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Session 1 - Part 1 Institutional Risk Assessment (FSC)
Session 1 - Part 2 Institutional Risk Assessment (Harneys)
Session 2 - Findings of the NPO TF Risk Assessment 2024_FINAL
Session 3 - DNFBP Legal Practitioner and Real Estate Presentation on Risk
Suspicious Activity/ Transaction Reports Filings and Red Flags (FIs and DNFBPs)
Virgin Islands and the Mutual Evaluation Process
Beneficial Ownership
Targeted Financial Sanctions