Press Releases

The BVI Financial Services Commission (the FSC) and BVI Financial Investigation Agency (the FIA), have issued their latest guidance titled ‘Effective Enhanced Customer Due Diligence Measures’ (the Guidance), for the benefit of their respective supervised entities.

The BVI Financial Services Commission (the FSC) and BVI Financial Investigation Agency (the FIA), have today, jointly issued Guidance on ‘Mitigating Risks with Introduced Business Relationships’ (the Guidance), for the benefit of their respective supervised entities.

The Analysis and Investigation Unit (AIU) of the Financial Investigation Agency (FIA) is alerting the public, particularly the real estate industry, about a concerning surge in a business email compromise scheme orchestrated by unidentified individuals exploiting legitimate businesses and individuals' identification.

The 2022 Money Laundering (ML) Risk Assessment (the ‘Risk Assessment’) builds on the findings of previously conducted risk assessments (including the 2020 ML Risk Assessments) carried out by the BVI Financial Services Commission (the ‘Commission’) and the BVI Financial Investigation Agency (the ‘FIA’), and demonstrates the Virgin Islands’ continued commitment to identifying, assessing, and mitigating ML risk, in keeping with the Financial Action Task Force's requirements.