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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.

The National AML/CFT Coordinating Council (“NAMLCC”) remains steadfast in its mission to protect the Virgin Islands from the evolving threats of money laundering (“ML”), terrorist financing (“TF”), and proliferation financing (“PF”). In pursuit of this objective, NAMLCC continues to make significant strides in safeguarding the financial and security landscape of the Virgin Islands.

Financial services professionals from the British Virgin Islands came together for a two day training on the Virtual Asset Service Provider (VASP) Act, hosted by HLSCC’s Robert Mathavious Institute on September 26-27, 2024. The specialized training, facilitated by Liz Carolina Barahona Quintero, Senior Manager Corporate and Fiduciary Services of FFP BVI, provided attendees with critical insights into the rapidly evolving world of digital assets regulation and blockchain technology.

The BVI showcased its role as a global financial hub and strategic partner for Latin America at the recent BVI Connect event on September 26, targeting STEP LatAm attendees. The oversubscribed event highlighted the BVI’s enduring global presence and its evolving services in the rapidly growing virtual assets sector, while reaffirming its commitment to security, compliance, and regulatory innovation.

The Ministry of Financial Services, Labour, and Trade has officially appointed new members to the governing Board of Commissioners of the British Virgin Islands Financial Services Commission.

The British Virgin Islands (BVI) Government’s UK delegation recently hosted a highly successful roundtable with senior figures from the UK’s financial services industry, marking a record attendance for such an event. The session provided a comprehensive update on the latest political, legislative, and regulatory developments in the Territory.