A straightforward revamp of Virgin Islands business law would help combat financial crime and boost the territory’s reputation while potentially putting tens of millions of dollars in the government’s coffers, …
Smith: Money-crime report not ‘damning’
The Virgin Islands is not facing a crisis in combating financial crime despite a recent report by international watchdogs which some experts viewed as scathing, Deputy Premier Lorna Smith said …
Money-laundering review rates VI below rivals
Compared with at least two overseas territories that operate rival financial industries, the Virgin Islands still has a “mountain to climb” when it comes to proving its effectiveness in combating …
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Virgin Islands urged to up vigilance against terrorism financing
The Virgin Islands should take tougher action to mimimise the threat of terrorist financing, according to a recent review of its systems to prevent financial crime. The mutual evaluation report …
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Money laundering report brings threat of ‘grey list’
A major international report released Monday raises serious concerns about the territory’s ability to deal with money laundering and other financial crime, leading one expert to warn that “red lights” …
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