News
VI achieves compliance with all 40 FATF recommendations
ROAD TOWN, Tortola, VI – Despite negative speculations surrounding the financial services sector in the Virgin Islands, perpetrated by the press and some parliamentarians in the United Kingdom, the Caribbean Financial Action Task Force (CFATF) has rated the territory as Compliant or Largely Compliant with all 40 Financial Action Task Force (FATF) Recommendations.
VI mediates around $638B in investment related to Asia- Hon Lorna G. Smith OBE
ROAD TOWN, Tortola, VI- Junior Minister for Financial Services, Economic Development and Digital Transformation Hon Lorna G. Smith, OBE, has said the Virgin Islands is “richer” for knowing the late financial services visionary leader, Robert A. Mathavious, OBE, and “poorer” for losing him.
Dr Robert A. Mathavious was a 'sincere man who led with purpose'- Kenneth B. Baker
ROAD TOWN, Tortola, VI- Mr Kenneth B. Baker, Managing Director and CEO of the BVI Financial Services Commission (FSC), paid tribute to the late Dr Robert A. Mathavious, OBE, who he said impacted the lives of those he came in contact with.
VI seeks to 'strengthen engagement' with EU & Member States
PARIS, France- The Virgin Islands (VI) is continuing to strengthen its relationship with the European Union (EU) members in the Financial Services Sector.
Gov't to celebrate the life of Dr Robert A. Mathavious, OBE
ROAD TOWN, Tortola, VI- The Government of the Virgin Islands will honour the life and legacy of the late Dr Robert A. Mathavious, OBE, through an official Celebration of Life service on Wednesday, October 15, 2025, at the Multi-purpose Sports Complex at 4:30 PM.
UK looking to support VI ‘to find funding' for airport runway- Baroness Hodge
ROAD TOWN, Tortola, VI- The United Kingdom’s anti-corruption champion, the Rt Honourable Baroness Margaret Hodge, DDE, said the United Kingdom (UK) is willing to assist the Virgin Islands (VI) in sourcing funding for the runway project at the Terrance B. Lettsome International Airport.
Premier Wheatley hosts welcome reception for Baroness Hodge
ROAD TOWN, Tortola, VI- Last evening, Tuesday, September 23, 2024, Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) hosted a reception in honour of the Rt Honourable Baroness Margaret Hodge, DBE, who is currently in the Virgin Islands (VI).
The future of financial services is 'very solid'- Hon Lorna G. Smith, OBE
BAUGHERS BAY, Tortola, VI- The Junior Minister for Financial Services and Economic Development, Honourable Lorna G. Smith, OBE (AL), has stated that the trust countries around the world place in the Virgin Islands is due to the strength of the territory’s legal system and the professionalism of its industry professionals.
OTs need to make 'more of an effort to achieve' goals- Hon Lorna G. Smith OBE
BAUGHERS BAY, Tortola, VI- The Junior Minister for Financial Services and Economic Development, Hon Lorna G. Smith, OBE (AL), has said there is, in fact, a need for Overseas Territories (OTs) of the United Kingdom to have more collaboration.
VI defends financial services @ UK Economic Crime Symposium
LONDON, United Kingdom- The Virgin Islands (VI) was represented at the 42nd Cambridge International Symposium on Economic Crime held from August 31 to September 7, 2025, at Jesus College, University of Cambridge, in the United Kingdom, by Special Envoy Mr E. Benito Wheatley.
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