In the News!

Public Notice - Non-Profit Organizations

posted on

Proceeds of Criminal Conduct Act, 1997, as amended

Anti-Money Laundering Regulations 2008, as amended

Anti-Money Laundering and Terrorist Financing Code of Practice 2008, as amended

Non-Profit Organizations Act, 2012

 

What is a Non-Profit Organization (NPO)?

Under the law in the British Virgin Islands (hereinafter referred to as the "Territory"}, NPO means a body of persons whether incorporated or unincorporated, established solely or primarily for the promotion of charitable, religious, cultural, educational, social or fraternal purposes, or other activities or programmes for the benefit of the public, or a section of the public and which raises or disburses funds in pursuance of its objectives primarily within the Territory.

There are many different types of NPOs. Some examples include but are not limited to: sporting/youth organisations; foundations; service clubs; churches/religious organisations; community groups/organisations and national country associations.

If you think you are operating as an NPO but are unsure, please contact the Non-Profit Organisation Registration Board ("NPO Board") for guidance.

ACTION REQUIRED

The Anti-Money Laundering and Terrorist Financing Code of Practice 2008, as amended, applies to all NPOs. The Financial Investigation Agency (the "Agency") is responsible for the supervision and monitoring of NPOs in the Territory, to ensure compliance with the relevant legislation.

The Agency is inviting all NPOs operating within the Territory to notify the Agency of their operations.

Please contact the Agency's Supervision and Enforcement Unit on telephone number 284-494-1335 or via email at complianceunit@ fiabvi.vg by 30 June 2020. The Agency will then contact you with information on the next steps required.

The Agency would also like to take this opportunity to remind all persons that they are not allowed to operate an NPO in the Territory unless the organisation has been registered with the NPO Board.

If your NPO is operating without the requisite certificate of registration, the Agency advises that you contact the NPO Board to regularise the operation of your NPO.

| Return


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.

Contact Us

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

Address :

PO Box 4090
Road Town, Tortola VG1110
BRITISH VIRGIN ISLANDS

Phone : (284) 494-1335

Fax: (284) 494-1435

Email : info@fiabvi.vg

Email Us