The Government of the British Virgin Islands has today announced that the independent regulator, the Financial Services Commission (FSC), has issued an enforcement action against Mossack Fonseca & Co (B.V.I) Limited that sees the firm fined $440,000 for its contravention of numerous sections of the Anti-Money Laundering and Terrorist Financing Code of Practice and BVI Regulatory Code.
At the recently concluded Joint Ministerial Council (JMC) in London, the United Kingdom (UK) Government and the Political Leaders of the Overseas Territories (OTs) agreed to hold special ministerial talks in early 2017 on Brexit negotiations before Article 50 of the Lisbon Treaty is triggered.
In strengthening and growing the fisheries sector into a full-fledged economic pillar, the Virgin Islands will soon engage the Centre for Environment, Fisheries and Aquaculture Science (CEFAS) in the UK.