Next week, Roadtown Wholesale Trading Ltd. will officially launch a new arm of their wholesale services with a Customer Service Centre located on their Pasea Estate compound. This launch will include a week-long celebration from 29th April with a grand culmination activity on 3rd May. The launch will seek to acclimatize the business community with … Continued
Dr. Hyginus ‘Gene’ Leon has resigned with immediate effect from his position as president of the Barbados-based Caribbean Development Bank (CDB). The surprising resignation comes after months of being placed on administrative leave as an internal investigation proceeded at the regional financial institution. In a three-page letter sent to the CDB by his St. Lucian … Continued
The highly anticipated trial of 27 individuals charged in connection with the explosive Panama Papers money laundering scandal has commenced in a Panamanian criminal court this month. Among the defendants are Jürgen Mossack and Ramón Fonseca Mora, the two founders of the now-defunct Mossack Fonseca law firm at the center of the 2016 leak of … Continued
On Saturday April 3rd Republic Bank launched the exclusive vertical MasterCard black credit card at a private cocktail event held at Prime Restaurant. The hand selected attendees were presented with the card and had an opportunity to sign up on the spot. The prestigious vertical Mastercard Black credit card is the latest exciting addition to … Continued
Two pillars of the British Virgin Islands’ telecommunications landscape are celebrating major milestones this April. Caribbean Cellular Telephone Ltd (CCT) and BVI Cable TV, both locally-owned companies, are commemorating nearly four decades of service to the territory. CCT will mark its 38th anniversary on April 18th, 2024. Established in 1986 as the first cellular company … Continued
ExxonMobil Guyana announced a new oil discovery on Friday, March 15, marking their first find of 2024 in the Stabroek Block offshore Guyana. The Bluefin well encountered a significant amount of hydrocarbon-bearing sandstone, indicating potential for future development. Drilled by the Stena Drillmax drillship in over 4,200 feet (1,294 meters) of water, the Bluefin well … Continued
The British Virgin Islands is positioning itself to emerge as a world-leading hub for the burgeoning digital assets sector, anchored by a robust new regulatory framework and ecosystem for innovative fintech businesses, according to Deputy Premier and Minister for Financial Services Hon. Lorna Smith, OBE. Addressing the International Arbitration Centre conference, Smith outlined the Territory’s … Continued
The assessment of the British Virgin Islands’ (BVI) compliance with the 40 recommendations of the Financial Action Task Force (FATF), as outlined in the most recent Caribbean Financial Action Task Force (CFATF) Mutual Evaluation Report on anti-money laundering and countering terrorist financing (AML/CFT), indicates an overall high level of compliance. Among the 40 Recommendations, the … Continued
Demonstrating their shared resolve to advancing the BVI’s tourism product, the BVI Yachting, Hotel and Tourism Association (BVIYHTA), and the Honourable Premier Dr. Natalio Wheatley, engaged in an exciting dialogue on Thursday, February 22nd. For the newly formed BVIYHTA, this meeting marked a significant milestone in their effort to build partnerships which strengthen the tourism … Continued
The Caribbean Financial Action Task Force (CFATF) has published its Mutual Evaluation Report assessing the anti-money laundering and countering terrorist financing (AML/CFT) measures in the British Virgin Islands (BVI). The 256-page report identifies several areas where the BVI needs to strengthen its regime to better mitigate money laundering and terrorist financing risks. According to the … Continued
