The public, especially the BVI Financial Institutions that have reporting obligations to be satisfied in the year 2017 are being notified that the authority’s email and the web-based portal the BVI Financial Account Reporting System (BVIFARS) are down, as a result of the Tropical Wave that affected the Territory last week.
BVI House Asia held Capital Economics Report Asia Launch on June 22 in Regus Conference Centre, Hong Kong, together with BVI team in London. A live streaming presentation conducted by Mr. Mark Pragnell, Head of Commissioned Projects at Capital Economics, introduced “Five Myths Debunked – A Balanced Narrative for the BVI”.
Ms. Elise Donovan, Director, BVI House Asia, outlined the role of the British Virgin Islands (BVI) and other international financial centers (IFCs) in the global economy, in a speech she delivered at the Malaysian Wealth Management Forum held at the Hilton Kuala Lumpur.
BVI Financial Institutions (BVIFIs) are informed that the deadline to submit Enrolment Applications to BVI Financial Account Reporting System (BVIFARS) for CRS has been extended from the June 30, to July 31, 2017 and submission of reports from the July 31 to August 18 2017.
BVI Financial Institutions (BVIFIs) are informed that the BVI Financial Account Reporting System (BVIFARS) is being updated to accommodate reporting under the Common Reporting Standards (CRS) and will be unavailable on Monday, June 19 to facilitate same.