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Deputy Premier and Minister for Financial Services, Labour and Trade, Hon. Lorna Smith, OBE, affirmed confidence in Compliance Officers’ abilities to fortify the financial services sector's resilience and triumph over adversities through adherence to global regulations and unwavering compliance during her opening remarks at the 6th Annual Compliance Conference, themed "Balancing Waves," on September 7.

Julia Shamini Chase, CEO and Founder of Gold Leaf Consulting, took the stage at the America Outbound Investment Summit in New York on September 12, with a compelling presentation titled, ‘The Power of Options: BVI’s Versatile Corporate and Commercial Solutions for Global Citizens’ highlighting investment opportunities within the BVI for global high-net worth individuals.

Marking its unwavering commitment to the financial services industry and to shaping the future of wealth management, BVI Finance and its members showcased robust representation at the recently concluded STEP LatAm 2023 Conference. Held in Bogota, Colombia on September 7 and 8, this event centered around the theme "Building Knowledge Across Borders -Advising Families Today and Tomorrow," drawing a diverse audience of over 375 professionals from across the globe.

A landmark trade mission led by the Deputy Premier and Minister for Financial Services, Labour, and Trade, Hon. Lorna Smith OBE, has culminated in resounding success. The 17-member delegation embarked on a journey from July 30 to August 4 to present the British Virgin Islands' (BVI) robust financial services offerings, the advantages of utilising BVI corporate structures, and the nation's expertise in facilitating global cross-border business.

PMI Group’s Managing Director, Mr. Clarence Faulkner reveals PMI’s strategy to asset management in the BVI, stating, “PMI refrains from taking any assets or money directly from their clients. Instead, all pension plans and private wealth management accounts are established in the name of the respective pension plan or client, with only the trustees or UBOs authorised as signatories demonstrating our commitment to safeguarding the clients' interests.”

The latest edition of the "Taxing Times" roundtable discussion, hosted by BVI Finance, concluded that implementing the Global Minimum Tax (GMT) will not be a one-size-fits-all solution, and individual countries will need to conduct thorough jurisdictional assessments.