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

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

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

PRINCE CHARLES FACING CRITICISM OVER $3M CASH DONATION FROM FORMER QATAR PM – COULD RESULT IN AN INQUIRY

The Prince of Wales is facing heavy criticism for his alleged involvement in receiving over $3 million in cash from a former prime minister of Qatar, for his charity. This following a recent report from news agency Times of London in the United Kingdom, which claimed that between 2011 and 2015, Prince Charles “personally accepted … Continued

“I REJECT THE INTENTIONS, ASSUMPTIONS, GENERALISATIONS AND IMPLICATIONS IN THE VIDEO OF TASTELESS AND IN MANY PARTS, DATED VIDEO.” HON. ALVERA MADURO CAINES- JUNIOR MINISTER OF TOURISM

In a recent statement Junior Minister for Tourism and District 6 representative Hon. Alvera Maduro- Caines issued a statement on a leaked video titled ‘Police in Paradise’. Maduro-Caines wrote, “As Junior Minister for Tourism and as a proud Virgin Islander, I reject the intentions, assumptions, generalisations and implications in the video of tasteless and in … Continued

GOVERNOR TO ADDRESS COMMISSIONER OF POLICE ON GRAPHIC VIDEO – SAYS PREMIER

Governor His Excellency John Rankin has expressed that he will be addressing the matter involving the recently leaked graphical video entitled ‘Police in Paradise’ with the Commissioner of Police Mark Collins. This is according to Premier Dr. the Honourable Natalio Wheatley who made the disclosure in a statement on Monday, June 27. Premier Wheatley said … Continued

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

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

LABOUR MINISTER IN PORTUGAL FOR UN OCEAN CONFERENCE

Minister for Natural Resources and Labour Honourable Melvin M. Turnbull is in Lisbon Portugal attending the United Nations (UN) Ocean Conference from June 27 to July 1. Acting Permanent Secretary in the Ministry of Natural Resources and Labour Mr. Joseph Smith-Abbott is also in attendance. The goal of the UN Ocean Conference is to mobilise … Continued