"The light that comes from wisdom never goes out"
A recent report has found that the Virgin Islands has made “significant” headway in addressing the technical deficiencies that helped land the territory on the Financial Action Task Force’s so-called …
Continue reading “Gov’t touts ‘grey list’ progress, but expert says VI has a long way to go”
The government has scrambled to put a brave face on the news that the Virgin Islands was recently placed on a “grey list” of jurisdictions subject to increased scrutiny by …
Continue reading “Grey-listing ‘not a setback,’ Smith claims”
In a move that could tarnish the Virgin Islands’ reputation and frustrate its financial sector, a global anti-money-laundering watchdog has added the territory to its list of 24 jurisdictions under …
Continue reading “VI on ‘grey list,’ but leaders aim to exit in 2 years”
A Virgin Islands delegation travelled to France this week to attend a meeting where a global financial watchdog is expected to decide whether to sanction the VI for falling short …
The government is prepared to deal with any fallout if the Virgin Islands is censured by global financial watchdogs next month, according to Premier Natalio “Sowande” Wheatley. His comments come …
Continue reading “VI ready if ‘grey list’ hits, premier says”
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 …
Continue reading “Money-laundering review rates VI below rivals”
The Virgin Islands received a harsh wake-up call last month. The latest mutual evaluation by the Caribbean Financial Action Task Force highlighted glaring deficiencies in the territory’s systems for combatting …
Continue reading “EDITORIAL: Anti-money laundering regime must be improved dramatically”
On Tuesday, the European Union added 10 more jurisdictions to its expanding blacklist, tripling the number of jurisdictions already listed. The Virgin Islands was not one of them. In an …
Continue reading “VI avoids EU blacklist, but remains on ‘grey list’”
