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VI's financial services industry must develop 'local talent & embrace innovation'- Hon Smith
ROAD TOWN, Tortola, VI- Junior Minister for Financial Services and Economic Development, Honourable Lorna G. Smith, OBE, (AL) has highlighted the Virgin Islands Government's commitment to the continued development of the Territory as a modern, resilient and internationally respected financial services centre through strong compliance, innovation and investment in people.
VI achieves compliance with all 40 FATF recommendations
ROAD TOWN, Tortola, VI – Despite negative speculations surrounding the financial services sector in the Virgin Islands, perpetrated by the press and some parliamentarians in the United Kingdom, the Caribbean Financial Action Task Force (CFATF) has rated the territory as Compliant or Largely Compliant with all 40 Financial Action Task Force (FATF) Recommendations.
VI's goal is to be taken off Grey List 'within two years'- Ayana I. Glasgow
BAUGHERS BAY, Tortola, VI- The Executive Director of International Business Regulations, Ayana I. Glasgow, has announced that efforts are underway to develop and implement a national action plan aimed at addressing the territory's status on the Financial Action Task Force (FATF) Grey List.
VI defends financial services @ UK Economic Crime Symposium
LONDON, United Kingdom- The Virgin Islands (VI) was represented at the 42nd Cambridge International Symposium on Economic Crime held from August 31 to September 7, 2025, at Jesus College, University of Cambridge, in the United Kingdom, by Special Envoy Mr E. Benito Wheatley.
Talking Points hosts challenge local media on responsible journalism
BAUGHERS BAY, Tortola, VI- Talking Point co-hosts have chimed in on several issues here in the Virgin Islands (VI), among them the closure of the Bank of Asia (BVI) and the recent grey listing of the Territory by the Financial Action Task Force (FATF).
2 years normal timeline for FATF grey list removal- Hon Lorna G. Smith
ROAD TOWN, Tortola, VI- Junior Minister for Financial Services, Trade and Economic Development, Hon Lorna G. Smith (AL), has said the targeted two-year timeline to be removed from the Financial Action Task Force’s (FATF) grey list is normal.
VI’s financial services sector being attacked by ‘big powers’- Julian Willock
FORT HILL, Devonshire, Bermuda- The former Speaker of the Virgin Islands (VI) House of Assembly, Mr Julian Willock, has accused the international community of trying to sabotage the VI’s financial services sector.
Be ‘open & transparent’ about FATF grey listing- Hon Marlon A. Penn
BAUGHERS BAY, Tortola, VI- Opposition Member Hon Marlon A. Penn (R8) has called on the government to be more transparent about the grey listing of the Virgin Islands (BVI) by the Financial Action Task Force (FATF).
Exclusive: 'Fixing deficiencies raised by FATF makes VI stronger’- Hon Lorna G. Smith
STRASBOURG, France- Junior Minister for Financial Services, Trade and Economic Development Hon Lorna G. Smith, OBE (AL) has reassured the people of the Virgin Islands (VI) that being included on the Financial Action Task Force’s (FATF) ‘grey list’ will not negatively impact the territory.
VI working to implement FATF targeted measures for compliance
ROAD TOWN, Tortola, VI- In light of the Virgin Islands recently being placed on the Financial Action Task Force’s (FATF) ‘grey list’, targeted measures outlined by the FATF is being implemented.
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