Business

FORMER EDUCATION MINISTER MYRON WALWYN ARRESTED AND CHARGED FOR BREACH OF TRUST BY A PUBLIC OFFICIAL IN RELATION TO THE ELMORE STOUTT HIGH SCHOOL WALL PROJECT; WALWYN ISSUES STATEMENT

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Full statement by Myron V Walwyn on his arrest. Earlier today I was arrested and charged for Breach of Trust by a public official in relation to the Elmore Stoutt High School Wall Project. While I have privately and publicly professed my commitment to good governance, I have also reinforced this fact with my willingness … Continued

CCT’S CEO RECEIVES CORPORATE LEADERSHIP AWARD

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On Saturday evening, among the Territory’s leading business executives, members of Government, and visiting regional guests, CCT’s Chief Executive Officer, Averad Penn, was awarded the BVI Investment Club’s (BVIIC) Corporate Leadership Award. The award was given during the BVIIC’s 30th Anniversary Black Tie Dinner. The award acknowledges and celebrates exemplary leadership that has a significant … Continued

CIBC FIRSTCARIBBEAN ANNOUNCES FOUR NEW FULL SCHOLARSHIPS IN THE NAME OF RETIRING FIRST FEMALE CEO

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CIBC FirstCaribbean has announced four new one-off scholarships for female finance students in honour of retiring Chief Executive Officer (CEO) Colette Delaney, the first woman to head the regional bank. In making the announcement recently, incoming CEO Mark St. Hill hailed his predecessor as a “champion for women, girls and diversity and inclusion at our … Continued

BVI INTERNATIONAL TAX AUTHORITY MEETS WITH FINANCIAL SERVICES INDUSTRY TO ENSURE INTERNATIONAL COMPLIANCE

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The British Virgin Islands (BVI) International Tax Authority (ITA) Director met with the financial services industry to discuss new legislative updates and compliance with international standards for tax purposes. ITA Director LaToya James spoke at the BVI Finance Breakfast Forum on 21 July where she explained the ITA’s role and provided context on the recent … Continued

BVI FINANCIAL SERVICES COMMISSION’S NEW AUTHORISATION AND SUPERVISION DIVISION BECOMES FULLY OPERATIONAL, 1st JULY 2022

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The British Virgin Islands Financial Services Commission (the “Commission”) is advising all industry practitioners that its new Authorisation and Supervision Division becomes fully operational effective Friday, 01 July 2022. The new structure transitions the Commission’s supervisory framework from product[1]based supervision to risk-based functional management, allowing the Commission to enhance oversight of regulated businesses and individuals … Continued

GLENFORD MALONE APPOINTED DEPUTY MANAGING DIRECTOR, REGULATION

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The British Virgin Islands Financial Services Commission (the “Commission”) has confirmed the appointment of Mr. Glenford Malone as Deputy Managing Director, Regulation with effect from 01 January 2022. The Deputy Managing Director, Regulation is the Commission’s chief regulatory officer responsible for implementing the Commission’s overall regulatory strategy. Mr. Malone has over twenty years of experience … Continued

BVI FINANCE LAUNCHES BVI360 FACT-BASE CONTENT SERIES TO SHOWCASE FINANCIAL SERVICES INDUSTRY

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BVI Finance launched a fact-based content series to showcase the full picture of the BVI’s Financial Services industry called, BVI360. BVI Finance CEO Elise Donovan stated that the purpose of the series comes at an appropriate time, given the ongoing conflict and increasing inflation across the world, where many leading economists are predicting a global … Continued

BVICCHA: ‘A NEW BUSINESS NORMAL’

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As the Virgin Islands’ economy bounces back from the pandemic recession over the past two years, the rise in the costs of goods and services has hit small- and medium-sized businesses severely as they continue to work hard to return to their normal operations. Interruptions in global logistics and supply chains have significantly impacted consumer … Continued