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The Financial Investigation Agency of the British Virgin Islands is pleased to announce the recent signing of Memoranda of Understandings with two of its counterparts. One with the Financial Intelligence Unit of the Commonwealth of the Bahamas and the other with the Financial Intelligence Unit of Guernsey. The Agreements aim to strengthen cooperation in the exchange of financial intelligence and information related to money laundering, terrorism financing, and proliferation financing. 

In an initiative to bolster the resilience of of the financial services industry, BVI Finance hosted the Department of Disaster Management (DDM) for a Breakfast Forum titled "Are You Prepared? Hurricane Preparedness and Business Continuity." This event provided essential insights and practical strategies for managing and mitigating risks associated with hurricanes and other potential disasters.

Hudsun Trust were the victors in the BVI Finance annual members’ event held on July 25th at Bamboushay Restaurant and Lounge. This year’s event once again featured the game "Culture Shock” and a lively competition among nine teams vying for the top spot. 

The British Virgin Islands Financial Services Commission (FSC) is making substantial strides in its regulatory framework to cement the BVI's position as a leading global financial centre. In a BVI Finance Breakfast Forum, on the 24th of July, Glenford Malone, Deputy Managing Director of Regulation, highlighted the FSC's commitment to implementing the recommendations from the Caribbean Financial Action Task Force’s Mutual Evaluation Report and other key regulatory updates.

The HLSCC Robert Mathavious Institute for Financial Services (HLSCC RMI), in partnership with BVI Finance, on July 22nd announced the successful completion of the third cohort of the 2024 FinTech Programme, a pivotal initiative aimed at fostering innovation and expertise within the financial technology sector. The programme is directed and taught by Professor Keith Carter of KDA Capabilities.

A collaborative approach is essential for advancing mutual interests between the new United Kingdom (UK) Government and its Overseas Territories’ (Ots) International Finance Centres (IFCs). Panellists expressed this sentiment at the recent BVI Finance Breakfast Forum held to discuss key strategic priorities for the OT in their relationship with the UK Government under the new Labour leadership.