Premier Dr the Hon. Natalio Wheatley recently provided an update on the territory’s progress with implementing reforms to combat money laundering and terrorist financing. The territory is working to address 64 specific recommendations outlined in a February 2024 Mutual Evaluation Report, conducted on behalf of the Caribbean Financial Action Task Force. The evaluation has prompted … Continued
Deputy Premier and Minister for Financial Services Hon. Lorna Smith, OBE has reaffirmed the Virgin Islands’ commitment to rigorously implementing the recommendations outlined in its recent Mutual Evaluation Report (MER) published by the Caribbean Financial Action Task Force (CFATF). In a statement to the House of Assembly on Tuesday, Smith said the Government takes the … Continued
Premier Dr. the Honourable Natalio Wheatley and Deputy Premier and Minister for Financial Services Honourable Lorna Smith, OBE have both reacted to the publication of the Mutual Evaluation Report of the Virgin Islands by the Caribbean Financial Action Task Force (CFATF). The statement issued subsequent to the report’s release shared that the government has welcomed … Continued
The Caribbean Financial Action Task Force (CFATF) has published its Mutual Evaluation Report assessing the anti-money laundering and countering terrorist financing (AML/CFT) measures in the British Virgin Islands (BVI). The 256-page report identifies several areas where the BVI needs to strengthen its regime to better mitigate money laundering and terrorist financing risks. According to the … Continued
