Legislative Framework

In the context of the Territory, there are various instruments through which the VI implements targeted financial sanctions among which include the following:

These instruments require persons to take the necessary action to (among others) freeze the funds/assets of designated persons and entities. Failure to comply with restrictions and prohibitions in relation to sanctions imposed under the relevant UK Orders in Council applicable to the VI constitutes an offence which may result in the imposition of penalties or imprisonment when a conviction is secured.

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

Phone : (284) 494-1335

Fax: (284) 494-1435

Email : info@fiabvi.vg

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