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Press Releases | 01/03/2019

Financing and Money Services (Amendment) Act, 2018

 

Tortola, British Virgin Islands – 1 March, 2019. The Financial Services Commission is pleased to advise that the Financing and Money Services (Amendment) Act, 2018 (“the FSMA amendment...

 
Latest News | 18/01/2019

PUBLIC STATEMENT

GLOBAL WORLD TECHNOLOGY LIMITED

Tortola, British Virgin Islands – 18th January, 2019 – The British Virgin Islands Financial Services Commission (the “FSC”) considers it necessary to issue this Public Statement in order to...

 
Industry Updates | 21/12/2018

EXTENSION OF NAME RESERVATIONS 
 
 

 
Industry Updates | 20/12/2018

Sanctions Risks Related to North Korea’s Shipping Practices


 

 
Industry Updates | 03/10/2018

 

Maximum penalty for filing RODs

BVI Business Companies that existed prior to 1st April 2016 (existing companies) were given until 31st March 2017 to file Registers of Directors (“RODs”) at the Registry of Corporate Affairs (“the Registry”).  Companies that...

 
Industry Updates | 14/09/2018

Tortola, British Virgin Islands – 14 September, 2018 - The Virgin Islands (VI), in its continued efforts to prevent the facilitation of money laundering (ML), terrorist financing (TF) and proliferation financing (PF) through its financial system, undertook a National Risk Assessment (NRA) in...

 
Press Releases | 20/07/2018

 

Tortola, British Virgin Islands - 20 July 2018 - Today, the British Virgin Islands Financial Services Commission highlights two new additions to the regulatory and registrations regimes in the BVI: An amendment to the Anti-Money Laundering and Terrorist Financing...

 
Industry Updates | 19/06/2018

 

New Limited Partnership functions - VIRRGIN

Limited Partnership functions compliant with provisions of the Limited Partnership Act, 2017 are now available in VIRRGIN.

1. Registration of Limited Partnership

2. Application for re-registration as a...

 
Industry Updates | 16/03/2018

Tortola, British Virgin Islands – 16 March, 2018 – The Financial Services Commission wishes to remind Insurance professionals and the general public of important requirements governing loss adjusters.  Section 9(6) of Financial Services (Continuity of Business) Act, 2017 (the “Continuity of...

 
Industry Updates | 14/03/2018

Tortola, British Virgin Islands – 14 March, 2018 – Following the recent enactment of the new Limited Partnership Act, 2017, industry practitioners are asked to take note of some new processes and requirements.  

 
Industry Updates | 13/03/2018

Meet The Regulator Forum - Wednesday, April 11, 2018

 
Latest News | 07/02/2018

PUBLIC STATEMENT

Smiths Gore and Son’s Reserve Loan Company

Tortola, British Virgin Islands – 7 February 2018 – The British Virgin Islands Financial Services Commission (the “FSC”) considers it...

 
Industry Updates | 30/01/2018

Tortola, British Virgin Islands – 30 January, 2018 – All Registered Agents and other VIRRGIN users, please be reminded that on 1 February, 2018 the Commission will resume the usual user policies and enforce the VIRRGIN user agreement.

 
Industry Updates | 21/12/2017

Increased BC Fees 

Practitioners are reminded that the BVI Business Companies (Amendment of Schedules) Order, 2017 takes effect on 1 January, 2018. The Order among other things increases the new registration fees for BVI business companies and the annual renewal fees for...

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