The House of Assembly suspended its usual rules on Monday to introduce and pass two financial services bills designed to avoid international sanction by bringing the territory in line with …
September 19, 2024
May 16, 2024
National Bank urged to offer more
Demands have been made for the National Bank of the Virgin Islands to do more for customers. Opposition Leader Ronnie Skelton recently raised the issue in the House of Assembly, …
May 6, 2024
Call made for civil asset forfeiture law
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, …
April 22, 2024
2023 incorporations hit 25-year low
The number of new companies incorporated in the Virgin Islands in 2023 slumped to its lowest level for 25 years, new figures show. The tally for the final quarter of …
April 8, 2024
Q3 incorporations tick up slightly
More companies were incorporated in the territory in the third quarter of 2023 than in the previous three months, a bright spot for a financial services sector that has grappled …
February 13, 2024
BVI Finance hosts crypto forums
Virtual assets offer various opportunities for the Virgin Islands financial services industry, but they also bring risks and regulatory complications, panellists said last week during the second of two related …
February 6, 2024
Deposit insurance body launches
Bank customers in the territory can look forward to better protection now that the long-promised Virgin Islands Deposit Insurance Corporation has been established, the Ministry of Finance announced last week. …
January 15, 2024
Financial Services Commission gearing up for a busy 2024
The BVI Financial Services Commission will host at least three conferences for bankers and other industry stakeholders during 2024, according to its December newsletter. The 41st Annual Conference of the …
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September 12, 2023
Financial Services Commission claims its website was cloned
The Financial Services Commission’s website has been cloned at a similar internet address, and the agency said it is working to decommission the fake. The purpose of the fraudulent site …
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October 24, 2022
Bill is another step toward deposit insurance
An amendment before the House of Assembly would bring the territory one step closer to setting up a long-promised system of deposit insurance in the territory. The amendment to the …
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October 17, 2022
Bill includes framework for deposit insurance
An amendment currently before the House of Assembly seeks to give the Financial Services Commission more tools to handle banking crises and would set a long-awaited framework to bring into …
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October 10, 2022
Incorporations fall hard in Q2
Incorporations toppled in the second quarter, suggesting that 2022 won’t reach the heights of 2021, according to the latest quarterly report from the Financial Services Commission. Q2 2022 saw just …
July 15, 2022
Incorporations climb in Q1
Incorporations could be on track to top last year if first-quarter trends continue, according to the latest quarterly report from the Financial Services Commission. In 2021, new incorporations in the …
April 15, 2022
Sandbox aims to educate
An early participant in the Financial Services Commission’s regulatory sandbox regime for financial technology recently spoke out about her experiences operating in a small but growing industry in the Virgin …
December 2, 2020
Notices (Dec. 3, 2020)
THE BVI BUSINESS COMPANIES ACT, 2004 ERZULIE ENTERPRISES LIMITED (IN VOLUNTARY LIQUIDATION) Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004: a) Erzulie …
March 9, 2020
Panel seeks to demystify bank loans
In these days of increased regulations and enhanced due diligence, applying for a bank loan can be dizzying. But five bankers were on hand to demystify the process for nearly …
February 3, 2020
New class of funds targeted by economic substance law
Amid further pressure from the European Union to demonstrate that companies registered here have “economic substance,” the Virgin Islands is introducing a new regulatory regime for private equity and other …
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July 24, 2019
Notices (July 25, 2019)
APPOINTMENT TRJ HOLDING LIMITED (In Voluntary Liquidation) Company Number: 1983166 Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act, 2004 that the Company is in …
July 22, 2019
FSC to invite applications for fintech “sandbox”
“Digitalisation is our ticket,” Jennifer Potter-Questelles, deputy managing director of corporate services at the Financial Services Commission, said last week during the FSC’s annual Meet the Regulator forum. To help …
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July 3, 2019
Notices (July 4, 2019)
Notice of Appointment of a Liquidator under Section 203 Of the BVI Business Companies Act, 2004 Janes Investments Ltd. In Voluntary Liquidation Company No.: 1593814 NOTICE is hereby given pursuant …
May 31, 2019
Making a will won’t kill you, says FSC panel
When Judy Varlack-Pickering’s husband died, he didn’t have a will. Still, she thought everything would work out smoothly “because he was my husband.” She soon received a rude shock. “When …
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May 29, 2019
Notices (May 30, 2019)
CLIVST Ltd. (Company Number:[ 1951715]) Incorporated in the British Virgin Islands (the Company) NOTICE OF APPOINTMENT OF LIQUIDATOR Notice is hereby given pursuant to Section 204(1)(a)(i) of the BVI Business …
April 5, 2019
Insurance premiums spiked after Irma
A soft insurance market in the Virgin Islands and a surge in payouts from reinsurers has led to rising insurance premiums in the territory, according to Kishma Baronville, general manager …
