Last week was a busy one for BVI Finance.
Over the course of five days, the agency attended two events on opposite sides of the world as part of its ongoing efforts to promote the territory’s financial services industry.
At the start of the week, BVI Finance representatives including CEO Elise Donovan marketed the territory as a jurisdiction for virtual assets and fintech at the Dubai Fintech Summit 2023.
The May 8-9 event — where BVI Finance operated a booth — brought together thousands of fintech leaders and enthusiasts to discuss trends and innovations in the sector, according to the agency.
“We’re excited to connect with industry leaders, particularly in the fintech space, because it’s always evolving, and the BVI is committed to staying abreast of these changing trends,” Ms. Donovan said in a press release.
Later in the week, BVI Finance also attended the Society of Trust and Estate Practitioners Caribbean Conference in Panama City, Panama last Thursday and Friday.
As part of the conference — which drew experts in wealth management and trust planning from across the world — BVI Finance hosted an event at the Panama Hilton last Thursday that featured Panamanian firms involved in VI business. Ms. Donovan spoke about the recent Beyond Globalisation report and the Virgin Islands’ longstanding relationship with Panama.
“For nearly 40 years, the BVI and Panama have worked closely together, learning from each other’s successes and challenges and adapting our strategies to meet changing business needs,” she said.
Also in attendance was Glenford Malone, the deputy managing director of the BVI Financial Services Commission, who shared updates on recent changes to the BVI Business Companies Act and other regulatory news. He also took questions from attendees.
Kerry Anderson, a partner at O’Neal Webster, spoke about sanctions and the licensing process in the territory, and BVI Finance representative Adenike Sicard wrapped up the event, according to the press release.