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News
Many investors cry foul over UK sanctions extended to VI, hurting business
ROAD TOWN, Tortola, VI- The average resident may not know that the United Kingdom (UK) Global Anti-corruption Sanctions enforced by His Majesty’s Treasury Department are having a devastating effect on the Virgin Islands (VI) economy.
More than $400M in Russian assets frozen in VI- Premier Wheatley
DUFF’S BOTTOM, Tortola, VI- As part of sanctions following Russia’s invasion of Ukraine in February 2022, more than $400M in Russian assets have been frozen in the Virgin Islands (VI) and millions of dollars in assets have been frozen elsewhere due to information provided to other financial services jurisdictions by the VI.
VI freezes estimated US $400M in assets linked to Russia
PASEA ESTATE, Tortola, VI - The [British] Virgin Islands has begun taking all requisite steps to ensure that it adheres to its international obligations as an Overseas Territory of the United Kingdom relating to sanctions against Russia.
'The people of Ukraine deserve to live in peace'- Premier Fahie
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Hon Andrew A. Fahie (R1) has lauded the response of the United Kingdom (UK) and Overseas Territories (OTs) to the Ukraine crisis at bilateral talks in the Territory with Overseas Territories Minister The Right Honourable Amanda A. Milling on March 18, 2022.
BVI & Anguilla included on Russia's 'unfriendly' states list
ROAD TOWN, Tortola, VI- After being placed on a list of 36 countries banned from Russia’s airspace, the [British] Virgin Islands, along with fellow British Overseas Territory Anguilla, has now found itself on a list of ‘unfriendly countries’ by Russia.
Father expressed concern for daughter who is VI Belonger in Ukraine- Gov Rankin
ROAD TOWN, Tortola, VI- Persons in the Virgin Islands or elsewhere who have family members in Ukraine are being urged to make urgent contact with the Governor’s Office of the Virgin Islands as international diplomatic strategies are in place for them.
New CONCACAF Club Licensing Rules coming into effect
ROAD TOWN, Tortola, VI – All member Clubs of the BVI Football Association will have to become compliant with new Confederation of North, Central American and Caribbean Association Football, (CONCACAF), Club Licensing rules by the end of March 2017.
Panama Papers: Mossack Fonseca leak reveals elite's tax havens
BBC NEWS
A huge leak of confidential documents has revealed how the rich and powerful use tax havens to hide their wealth.
North Korean vessel owned by VI-based co. seized in the Philippines
MANILA, Philippines — The Philippines has impound a suspected North Korean cargo ship docked at a port northwest of Manila and is to eventually deport its North Korean crewmen in compliance with tough new U.N. Security Council sanctions on Pyongyang over its latest nuclear test and rocket launch, officials said, according to an article on Virgin Islands Free Press.
Obama, Castro to meet Saturday after historic handshake
USA TODAY
PANAMA CITY — President Obama and Cuban President Raúl Castro were expected to sit down for substantial talks Saturday, the first such discussions between leaders of the two nations since 1956.
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