"The light that comes from wisdom never goes out"
Rising stars of the Virgin Islands financial services sector received a boost as the Tomorrow’s Leaders Internship Programme gave 26 youths work experience within top-tier firms in the territory. The …
Continue reading “26 interns get a taste of financial services”
Entrepreneurs and other residents are suffering because the Virgin Islands’ civil service is slow, ineffective and unaccountable, Financial Services and Economic Development Junior Minister Lorna Smith told the House of …
Continue reading “Smith: Civil service letting down businesses, public”
The Virgin Islands must boost transparency and “clean up” its reputation for attracting “bad money” if it wants to grow its financial services sector, British Anti-Corruption Champion Baroness Margaret Hodge …
Financial services firms in the Virgin Islands have set their sights on the Latin American market with a major push into the region. As part of that effort, the territory …
A United Kingdom transparency watchdog has warned that the Virgin Islands’ plan for a restricted beneficial-ownership register could endanger journalists and others who investigate financial crimes — but VI government …
Continue reading “Watchdog takes aim at company-register plans”
Robert Mathavious, the first managing director and CEO of the Financial Services Commission, died on Sunday, Sept. 14. He was 73 years old. Sometimes dubbed the “father of financial services” …
Continue reading “‘Father of financial services’ dies at 73”
United Kingdom Anti-Corruption Champion Baroness Margaret Hodge has been urged not to shun the media during a high-profile visit to the Virgin Islands in the coming days. Lady Hodge is …
The global tariff trade war unleashed by United States President Donald Trump has significantly impacted nearly a fifth of Virgin Islands companies that responded to a recent survey conducted by …
Continue reading “VI firms feel pinch as Trump tariffs bite”
Cybersecurity, regulatory advances and artificial intelligence were among the key topics on the agenda during a major regional meeting attended by Virgin Islands telecommunications regulators. Held July 13-16 in Nassau, …
A long-delayed no-confidence motion against Premier Natalio “Sowande” Wheatley’s administration was finally launched by the opposition Tuesday night as government members were urged to abandon their leader and vote with …
Britain’s official “anti-corruption champion” will soon visit the Virgin Islands on what London called a “fact-finding” mission, but Premier Natalio “Sowande” Wheatley said the move does not amount to a …
Company incorporations rebounded last year from a 25-year low recorded in 2023, recent figures show. Altogether, 27,362 companies were formed in the Virgin Islands in 2024, up nearly 23 percent …
The sudden exit of the Virgin Islands Deposit Insurance Corporation’s CEO last month was unrelated to the regulator’s action against the Bank of Asia on May 26, according to Premier …
Continue reading “VIDIC chief’s exit not linked to bank saga, premier says”
For more than two years before the government deposited $5 million of public money into the Bank of Asia this year, regulators had been raising red flags about the institution …
Continue reading “Bank of Asia red flags went back years before $5m gov’t deposit”
In a scathing attack on the Virgin Islands, two British politicians have called for London to take charge of implementing the territory’s new company ownership register to speed progress and …
Continue reading “MPs blast VI company register plans, but Smith fires back”
We were shocked to hear Opposition Leader Myron Walwyn claim convincingly last week that the government deposited more than $5 million in Bank of Asia (BVI) Limited at a time …
Continue reading “EDITORIAL: Gov’t must explain $5m Bank of Asia deposit”
Government officials should have known that Bank of Asia (BVI) Limited was failing when they deposited more than $5 million of taxpayer money in it earlier this year, Opposition Leader …
Continue reading “Walwyn slams premier over $5m Bank of Asia deposit”
For a week, officials have not responded to a news report that raised questions about the leadership of the public agency overseeing the winding down of Bank of Asia (BVI) …
Five days after financial regulators’ surprise announcement that they are winding down the Bank of Asia (BVI) Limited, Premier Natalio “Sowande” Wheatley dropped another bombshell on Tuesday in the House …
Britain’s recent inquiry into the Virgin Islands’ law-enforcement agencies could tip the scales when global financial watchdogs consider whether to sanction the territory next month, according to a leading expert. …
Continue reading “UK review could tip VI onto ‘grey list,’ expert says”
More reforms to combat money crime are on the way as the Virgin Islands works to avoid censure from international financial watchdogs. With a crunch meeting of the Paris-based Financial …
The lowest paid workers in the Virgin Islands will belatedly get a wage boost after a high-profile salary increase was snatched from them shortly before Christmas. But instead of the …
A proposal to give the governor sweeping new powers over areas including customs, immigration and financial investigations has been roundly condemned by both sides of the House of Assembly. HOA …
Continue reading “HOA blasts UK security review as guv stays tight-lipped”
The second volume of the law enforcement review is extensive. It examines nine public-sector bodies and seven other public service organisations in their roles connected to the criminal justice system. …
To follow the laws of the land, you must be able to access and understand them. And here in the Virgin Islands, that has been far too difficult for far …
Continue reading “EDITORIAL: Online law portal a long time coming”