News
Premier Wheatley refutes alleged gov’t complacency w Bank of Asia (BVI) Limited
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) has come out to clarify allegations surrounding the closure of the Bank of Asia (BVI) Limited.
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.
FSC warns of fraudulent EDP REGULATION website
PASEA ESTATE, Tortola, VI- The BVI Financial Services Commission (FSC) is warning customers, creditors or persons who may have been solicited to visit or conduct business via the website address EDP REGULATION (https://www.remorsprompt.com/), that it is a fraudulent website.
Revised handbook on international cooperation & information exchange published- FSC
PASEA ESTATE, Tortola, VI- The revised version of the Handbook on International Co-operation and Information Exchange, A Guide for Regulators and Judicial and Law Enforcement Officials was published by the BVI Financial Services Commission (FSC) on Friday, February 21, 2025.
FIA to host investment business webinar
PASEA ESTATE, Tortola, VI- Investment business licensees, including directors, compliance officers, MLROs, and frontline employees of these entities are encouraged to participate in an upcoming Investment Business Outreach Webinar.
FSC appoints Dr Michelle L. Todman Smith as Deputy Registrar
PASEA ESTATE, Tortola, VI- The BVI Financial Services Commission (FSC) has appointed Dr Michelle L. Todman Smith as Deputy Registrar of Corporate Affairs.
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.
FSC & FIA issue guidance on effective ongoing monitoring
PASEA ESTATE, Tortola, VI - The BVI Financial Services Commission (the FSC) and BVI Financial Investigation Agency (the FIA) have issued guidance on ‘An Effective Approach to Ongoing Monitoring’.
FSC begins maintenance of Beneficial Ownership Register
PARAQUITA BAY, Tortola, VI- Effective January 2, 2025, the BVI Financial Services Commission (FSC) began maintaining registers of beneficial ownership for all registered BVI Business Companies and Limited Partnerships.
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FSC & FIA release Institutional Risk Assessment guide
PARAQUITA BAY, Tortola, VI- The BVI Financial Services Commission (FSC) and the BVI Financial Investigation Agency (FIA) have released their publication giving guidance on Institutional Risk Assessment.
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