Industry Circular 25 of 2024 - Reminder - 2024 Terrorist Financing Risk Assessment Survey

REMINDER: 2024 Terrorist Financing Risk Assessment Survey

The Commission wishes to remind ALL LICENSEES that the deadline to complete the 2024 Terrorist Risk Assessment Survey is Friday, 12 July 2024.

Who Should Complete: All financial services licensees

• Banks
• Financing businesses
• Money services businesses
• Insurers and insurance intermediaries
• Investment business licensees (including approved investment managers) 
• Trust and corporate service providers) including those providing trustee and company management services)
• Insolvency Practitioners 
• Virtual Asset Services Providers

How to Complete: Click Here

Why You Should Complete: Updating this assessment will allow the Virgin Islands to:

• identify any changes to the TF risks affecting the Territory;
• put measures in place to effectively mitigate such risks; and
• ensure an ongoing understanding of its terrorist financing (TF) risks

See previous circular for further details.

The FSC thanks you for your cooperation and looks forward to receiving your submissions.