Robert Mathavious, a pioneering leader in the Virgin Islands financial services industry who retired at the end of last year, will get a weeklong tribute in November during a conference …
August 16, 2021
June 2, 2021
New incorporations hit 21-year low in 2020
With just 22,362 new companies formed, 2020 hit a 21-year low for new incorporations, despite a fourth quarter that performed slightly better than the year before, according to numbers recently …
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May 15, 2021
FATF review set to get under way in July 2022
The Caribbean Financial Action Task Force’s long-delayed onsite visit to the the Virgin Islands is scheduled for July 2022, and Financial Services Commission officials said a flurry of activity is …
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May 3, 2021
HOA updates financial laws, others
The House of Assembly passed seven bills on April 22, most of which updated existing legislation focused on financial matters including fee waivers, trusteeships and inheritance rules. While presenting the …
March 31, 2020
Financial services adapt to ‘social distancing’
For financial services firms now compelled to conduct most or all of their business virtually due to the global coronavirus pandemic, the Virgin Islands is an ideal place to do …
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February 19, 2020
February 6, 2020
Q3 incorporation bump offers faint hope
Incorporation numbers managed a slight recovery in the third quarter of 2019, with the Financial Services Commission reporting a 9.58 percent increase over Q2’s dismal performance, which saw the lowest …
December 17, 2018
Vistra study: VI second-most important global financial jurisdiction
The Virgin Islands ranked as the second-most-important financial jurisdiction in the world in a recent study published by Vistra, a corporate services provider. The research — titled the “Vistra 2020 …
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November 29, 2018
FSC gives women financial advice
This article originally appeared in the Beacon’s print edition on Nov. 22. At a “Money Matters” discussion last Thursday, almost any topic relating to women and finance was fair game. …
July 26, 2018
Scotiabank customers criticise bank’s abrupt wave of account closures
A handful of Scotiabank (BVI) Limited customers were forced to scramble for alternative banking options after the Canada-based bank launched a wave of sudden account closures at the end of …
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