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. 

Collaboration and Commitment outreach series launches to bolster the financial services industry’s fight against financial crime

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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Agenda

Presentations

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Suspicious Activity/ Transaction Reports Filings and Red Flags (FIs and DNFBPs)

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Virgin Islands and the Mutual Evaluation Process

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Beneficial Ownership

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Targeted Financial Sanctions

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The second session focused on institutional risk assessments, NPO risk assessment findings, risks related to legal practitioners and real estate agents, and trends in virtual assets/cryptocurrency, all crucial topics for strengthening compliance and mitigating financial crime risks.

BVI Financial Services Sector Explores Key Risk and Compliance Issues at the Collaboration and Commitment Outreach Session

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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Registration Link

Agenda

Presentations

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Session 1 - Part 1 Institutional Risk Assessment (FSC)

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Session 1 - Part 2 Institutional Risk Assessment (Harneys)

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Session 2 - Findings of the NPO TF Risk Assessment 2024_FINAL

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Session 3 - DNFBP Legal Practitioner and Real Estate Presentation on Risk

Videos

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TBA

Registration Link

Agenda

Presentations

Presentation slide

Suspicious Activity/ Transaction Reports Filings and Red Flags (FIs and DNFBPs)

Presentation slide

Virgin Islands and the Mutual Evaluation Process

Presentation slide

Beneficial Ownership

Presentation slide

Targeted Financial Sanctions

Videos

Play Video
Play Video
Play Video
Play Video