In March of this year, the Virgin Islands underwent a mutual evaluation assessment by the Caribbean Financial Action Task Force (CFATF), the regional body of the Financial Action Task Force (FATF), to measure the Virgin Islands’ compliance with the FATF’s recommendations and the effectiveness of its anti-money laundering and terrorist financing framework.

Residents of Anegada are notified that Deputy Premier and Minister for Financial Services, Labour and Trade, Honourable Lorna Smith, OBE will hold office hours at the Theodolph Faulkner Administration Building on Sunday, November 5 2023, between the hours of 10:00 a.m. and 4:00 p.m.

Madam Speaker, I am pleased to present to this Honourable House a statement on the work of the Financial Services Commission (FSC) over the past year, and its priorities for the upcoming year.

Madam Speaker, with your permission I would like to present a bill seeking the suspension of the Virgin Islands Trade Commission Act, 2020. This Act, passed on 8 June 2020, aimed to establish the Virgin Islands Trade Commission, and vest it with critical responsibilities related to business, trade, investment, and consumer affairs within our jurisdiction. The Act came into effect on 21 November 2022, through Statutory Instrument S.I. 103 of 2022.

Ms. Ayana Glasgow has been appointed Executive Director of International Business Regulations in the Ministry of Financial Services, Labour and Trade.

Following a meeting of the European Union’s (EU’s) Economic and Financial Affairs Council (ECOFIN) today (17 October 2023), the British Virgin Islands (BVI) has been removed from the EU list of non-cooperative tax jurisdictions (Annex I).