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November 15th, 2016
Mossack Fonseca slapped with heaviest fine ever by FSC

ROAD TOWN, Tortola, VI- In what is regarded as the heaviest fine ever issued by the Financial Services Commission (FSC), trust company Mossack Fonseca & Co (VI) was fined $440,000 for what Government has described as its contravention of numerous sections of the Anti-Money Laundering and Terrorist Financing Code of Practice and BVI Regulatory Code.

October 28th, 2016
MF confirms VINO story on concerns of survivability of NBVI!

ROAD TOWN, Tortola, VI- It was our newsroom that again first and accurately reported in an article on October 27, 2016 that the Financial Services Commission (FSC), the state regulators, had raised serious concerns about the survival of the National Bank of the Virgin Islands (NBVI) and in particular its unsustainable Non-performing Loan Portfolio.

October 27th, 2016
Serious concerns raised by FSC about survival of NBVI!

ROAD TOWN, Tortola, VI- The National Bank of the Virgin Islands (NBVI), which has the Government as its only shareholder, continues to be an institution of concern by the Financial Services Commission (FSC), the state regulator of Banks and the Financial Services industry.

May 23rd, 2014
Govt using FSC as its ‘piggy bank’ – Hon Fraser tells constituents

SEA COW’S BAY, Tortola, VI – With six drawings from the Financial Service Commission in amounts no larger than $5.7ml and the smallest being $2ml from January 10 to March 21 of 2014 the government has been accused of using the Financial Services Commission as its ‘Piggy bank’.

February 19th, 2014
HOA’s poor & ineffective operations peeve members!

ROAD TOWN, Tortola, VI - The public and former Members have already concluded that the House of Assembly of the Virgin Islands is held in low regard following the 2011 general elections that saw some new members elected.

November 25th, 2013
Winners of Money Matters BVI radio quiz awarded

ROAD TOWN, Tortola, VI- Designed to stimulate and test the knowledge of Class 5 and high school students in financial services, Money Matters BVI- the official brand of the Financial Literacy Programme of the BVI Financial Services Commission- recently partnered with ZBVI Radio to conduct its second radio quiz of 2013.

September 17th, 2013
Who will regulate National Health Insurance system?

ROAD TOWN, Tortola, VI – The question of which body will be responsible for regulating the pending National Health Insurance (NHI) system was raised recently on the Speak Your Mind TV show aired on September 14, 2013.

January 21st, 2013
UPDATE: FSC confirms appointment of Dawn J. Smith

ROAD TOWN, Tortola, VI- Nearly a week after Virgin Islands News Online first and accurately reported that Attorney Dawn J. Smith had left the private sector and taken up a job with the Financial Services Commission (FSC), the FSC today January 21, 2013 confirmed the appointment of Ms Smith as the new General Counsel/Director, Legal and Enforcement with effect from January 2, 2013.

December 18th, 2012
UPDATE: House votes for Hon. Penn to execute FSC IT contract

ROAD TOWN, Tortola, VI – Members of the House of Assembly passed the motion laid before it for Eighth District Representative Hon. Marlon A. Penn to take up an IT contract with the Financial Services Commission (FSC) without having to vacate his seat as an elected member of the House of Assembly (HOA).

February 13th, 2012
Jobs Board new feature on Financial Services Institute website

ROAD TOWN, Tortola, VI- The Financial Services Institute at H. Lavity Stoutt Community College now has a Jobs Board attached to its website. The link can be found by clicking on the College’s main site, www.hlscc.edu.vg, then the FSI link at the bottom left hand corner, followed by the “JOBSBOARD” tab on the top menu bar.

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