News
VI Regulators to close Bank of Asia (BVI) Limited
ROAD TOWN, Tortola, VI- It was yesterday, May 29, 2025 that the Virgin Islands (VI) Deposit Insurance Corporation (VIDIC), with the intervention of the British Virgin Islands Financial Services Commission (FSC), took the necessary action to shut down the operations of the Bank of Asia (BVI) Limited.
Public registers remain a concern for FSC- CEO Kenneth B. Baker
BAUGHERS BAY, Tortola, VI—The financial services sector in the Virgin Islands (VI)– one of two key financial pillars for the Territory- is facing an estimated 20 to 30 percent decline in business following mounting pressure from the United Kingdom (UK) to increase public access to beneficial ownership information.
FSC concludes international regulatory forums in Hong Kong & London
PASEA ESTATE, Totola, VI– The BVI Financial Services Commission (FSC) has successfully concluded two recently hosted international regulatory forums: the Meet the Regulator Forum (the Forum) in Hong Kong and the BVI Financial Services Round Table (the Round Table meeting) in London.
BVIFSC confirms executive appointments of Leon A. Wheatley & Tashel Martin-Jackson
PASEA ESTATE, Tortola, VI- The BVI Financial Services Commission (BVIFSC) recently confirmed the executive appointments of Mr Leon A. Wheatley and Mrs Tashel Martin-Jackson.
Field trips for schoolchildren among plans for Global Money Week 2022
PASEA ESTATE, Tortola, VI- Money Matters BVI (MMBVI), the financial literacy and financial education programme at the BVI Financial Services Commission (BVIFSC), will lead the [British] Virgin Islands as it joins the rest of the world in marking Global Money Week 2022 from Monday, March 21 through 27, 2022.
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.
.png)
Follow Us On
