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  • NEW!!! Suspicious Activity
    Sample Report Form
    The FIA has revised its SAR Form in accordance
    with the Proceeds of Criminal Conduct Act, 1997,
    as amended, and Section 55 of the Anti-Money
    Laundering and Terrorist Financing Code of Practice,
    2008, as amended. The FIA advises that this new Form
    be used to submit any SARs/STRs to the FIA.
    Download Sample              Download Form
    Download Checklist        View Instructions
  • Warnings and Bulletins
    View Warnings and Bulletins

National Risk Assessment

VI Final Progress Report on Implementation of the 2016 National Risk Assessment

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  • About
  • SARs
  • NPOs
  • DNFBPs
Mission

The Agency’s mission is to provide an effective, professional and transparent international cooperation...

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Purpose

The purpose of the Agency is to be a specialist investigative law enforcement arm of the Government...

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Functions

The Agency is responsible for receiving, obtaining, investigating, analysing and disseminating...

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Who Are We

The Agency is guided in its operations by a Board which is essentially responsible for...

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Reports

FIA's strategy, goals and successes are well documented in our annual reports.

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Media

View video and other media produced to keep you informed of news and changes.

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SARs Submitted

The SARs submitted during the years covered a broad category of offences. These offences ranged from fraud to gambling. The offence of fraud accounts for the highest ranges of suspicious activitity reported. The following numbers represent the top six offences reported.

26%
Fraud
18%
Money Laundering
10%
Unusual Transactions
8%
CDD/KYC
5%
Tax Evasion
5%
Theft

Report a Suspicions ActivityView our Annual Reports

Non-Profit Organisations

Non-profit organisations (NPOs) are recognised for the vital role that they play in communities around the world. While most NPOs are used for legitimate purposes, they can also be used to facilitate illicit activities. The NPO sector globally has been identified as one that is vulnerable to activities of money laundering and terrorist financing.

1

The Non-Profit Organisations Act, 2012 (the NPO Act) came into effect on 1st January, 2013. The NPO Act seeks to bring NPOs inline with international standards by creating systems for NPOs to be monitored from anti-money laundering (AML) and counter financing of terrorism (CFT) perspectives.

2

Under the NPO Act, all NPOs operating within the Virgin Islands are required to be registered with the Non-Profit Organisation Registration Board. Details of the registration process and guidelines on the NPO Act can be obtained here or from the Ministry of Health and Social Development.

Read More About NPOs

Designated Non-Financial Businesses and Professionals

Designated Non-Financial Businesses and Professionals (DNFBPs) are characterised as non-regulated entities, as they are not strictly regulated by the Financial Services Commission. They are defined as relevant business under section 2 of the Anti-Money Laundering Regulations 2008 and are designated pursuant to section 2 of the Non-Financial Business (Designated) Notice, 2008 for the purpose of identifying entities which are vulnerable to being misused for Money Laundering and Terrorist Financing. They include persons who are engaged in the businesses of buying and selling boats, vehicles, jewellery or other high-value goods as well as those who provide client services, such as legal practitioners, notaries public and accountants involved in transactions concerning the buying and selling of real estate; managing of client money, securities or other assets; organisation of contributions for the creation, operation or management of companies or the buying and selling of business entities.

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Any person that fails or refuses to provide information to the Agency that it considers relevant to the performance of its functions commits an offence and is liable on summary conviction to a fine not exceeding twenty thousand dollars or to imprisonment for a term not exceeding two years or to both.

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If you have any questions, feel free to contact us.

Address :

PO Box 4090
Road Town, Tortola VG1110
BRITISH VIRGIN ISLANDS

Phone : (284) 852-3200

Email : [email protected]

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