News
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.
VI’s trailblazer, pioneer, nation builder & visionary Robert A. Mathavious passes
MIAMI, Florida, USA- The Virgin Islands has been plunged into mourning after the passing this morning, Sunday, September 14, 2025, of Dr Robert A. Mathavious, OBE.
UK 'has acknowledged legitimate interest access is the way to go'- VI Premier
ROAD TOWN, Tortola, VI- In what has been deemed as a major win for the Virgin Islands' financial services industry, Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) has said legitimate interest access is the way to go when it comes to beneficial financial services ownership information and that the United Kingdom (UK) has now acknowledged this.
'Investment in our people is critical'- Hon Lorna G. Smith OBE
NECKER ISLAND, VI- "The BVI has developed into a financial hub that offers tested, responsive regulatory frameworks, access to financial infrastructure, and experienced service providers with the technical depth and sector fluency fintech demands."
Skelton-Cline hopeful investors would resurrect Bank of Asia (BVI) Ltd
BAUGHERS BAY, Tortola, VI- “The country at the end of the day cannot allow for the failure of any banks….That’s just the nature and the sensitivity surrounding the jurisdiction, the major of our two pillars, so we simply can’t afford that,” Commentator and clergyman Claude O. Skelton-Cline said, as he expressed hope that the Bank of Asia (BVI) Limited can actually be saved.
2 years normal timeline for FATF grey list removal- Hon Lorna G. Smith
ROAD TOWN, Tortola, VI- Junior Minister for Financial Services, Trade and Economic Development, Hon Lorna G. Smith (AL), has said the targeted two-year timeline to be removed from the Financial Action Task Force’s (FATF) grey list is normal.
Be ‘open & transparent’ about FATF grey listing- Hon Marlon A. Penn
BAUGHERS BAY, Tortola, VI- Opposition Member Hon Marlon A. Penn (R8) has called on the government to be more transparent about the grey listing of the Virgin Islands (BVI) by the Financial Action Task Force (FATF).
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