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The British Virgin Islands (BVI) successfully hosted the Caribbean Regional Compliance Association (CRCA) Conference from October 17-18, 2024, at Sonesta Resorts, Sint Maarten, bringing together over 200 compliance professionals and government leaders from across the Caribbean. The two-day event, sponsored by platinum sponsors—the BVI Association of Compliance Officers and Practitioners, The Ministry of Financial Services, Labour, and Trade, and BVI Finance—was a major success, under...

“BVI has real depth of service providers including those based in Asia as well as a modern suite of laws and structures,” remarked Richard Grasby, a steadfast expert in private wealth from Appleby’s Hong Kong office, as he underscored the advantages of the BVI as a leading International Finance Centre at the Singapore Trustees Association (STA) Conference.

Virtual Assets experts say its a balancing act between encouraging business innovation and managing risks associated with virtual assets. “While the BVI is committed to fostering a business-friendly environment, it is equally focused on ensuring that businesses operate safely and comply with international standards,” said Kishelle Blaize Cameron, Deputy Director of Specialized Supervision at the BVI Financial Service Commission (FSC). Blaize Cameron participated as a panelist at the Commitment...

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.