The BVI’s Financial Services sector continues to navigate various challenges while seeking to safeguard its future.
The importance of the sector and its stability remains crucial to the Virgin Islands’ economy. Mr. Kenneth Baker, Managing Director and CEO of the Financial Services Commission recently provided key updates on the financial services sector in the Virgin Islands.
He was at the time speaking as a guest on the local radio programme, Talking Points. Barker spoke on the transition of beneficial ownership information from the Beneficial Ownership Secure Search system (BOSSs) to the Virtual Integrated Registry and Regulatory General Information Network (VIRRGIN).
He also addressed access to Beneficial ownership information and its implications.
Barker also highlighted other critical issues impacting the sector such as outsourcing financial services professionals.