News
VI’s Financial Services under threat again
ROAD TOWN, Tortola, VI - The Virgin Islands (VI) has assembled a legal team to challenge a United Kingdom (UK) government’s decision—amendments to the Sanctions and Money Laundering Act—to counter one external threat, but it’s financial services sector faces another looming threat, if not addressed.
FIA issues directive regarding transaction with Iranian banks
ROAD TOWN, Tortola, VI – The Territory’s financial investigation reasonably believes there is a risk that terrorist financing and money laundering activities are being carried on by persons resident or incorporated in Iran as part of their attempt to aid or facilitate the development or production of nuclear weapons and that these activities pose a significant risk to the interests of the Virgin Islands or the United Kingdom.
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