Business
Fisheries database officially handed over
By Department of Agriculture and Fisheries
(PRESS RELEASE) — The successful completion of training sessions for fisher folk and other key fisheries stakeholders has resulted in the official handover of a central fisheries database to the Department of Agriculture and Fisheries.
The training workshops, which consisted of three components, were a part of the Darwin Plus funded project entitled, “Capacity Building in Fisheries Evidence, Networks, and Management (Virgin Islands)” in collaboration with the Department of Agriculture and Fisheries.
Director Mr. Theodore James stated that the training workshops enhanced skillsets and increased knowledge in the area of fisheries management, which is a key area in the Virgin Islands economy.
He added that the workshops were comprehensive and aimed at effectively establishing the fisheries database, and equipping officers with the requisite skills to collect, analyse, and manage fisheries data.
Mr. James said, “We are now better positioned to perform analyses on the fisheries data we collect and receive. The support provided through the Darwin Plus funding initiative and collaboration with the United Kingdom Government’s Centre for Environment, Fisheries and Aquaculture Sciences, Cefas, on this component of the project has made significant inroads towards our goal of greater insight into fisheries in the Virgin Islands.”
The workshops were attended by stakeholders in fisheries, including government officials from the Premier’s Office, Ministry of Natural Resources and Labour, and the Department of Agriculture and Fisheries. The final training exercise was facilitated by Marine Scientific Advisor Shannon White from United Kingdom Cefas and Government Information Services Analyst William Procter.
Mr. Procter stated the training workshops and handover was a result of over two years of collaboration between Cefas and the VI Government, aiming to facilitate and improve fisheries management in the Virgin Islands.
The successful completion of the training sessions also resulted in the official handover of a central fisheries database by the United Kingdom Government’s Centre for Environment, Fisheries and Aquaculture Sciences (Cefas), to the Department of Agriculture and Fisheries.
“This data collection, storage, and analysis procedure was developed to provide valuable understanding of fisheries data now an in the future,” the facilitator explained, adding, “It has been great to work with the VI Government and all stakeholders and it is good to see how this will be used in VI,” Mr. Procter stated.
The Darwin Plus funded project “Capacity Building in Fisheries Evidence, Networks, and Management (Virgin Islands)” aims to enhance the knowledge and capacity of the Government of the Virgin Islands staff, fisher folk and key fisheries stakeholders for fisheries management. The project also seeks to improve the collation and display of fisheries data and evidence.
The Department of Agriculture and Fisheries continues to strive towards responsible management of resources to maintain a conducive environment in which the fishing and agriculture sectors can thrive.
Business
BVI Financial Investigation Agency and Jersey Financial Services Commission Sign Agreement to Strengthen Cooperation in Tackling Financial Crimes
The Financial Investigation Agency (FIA) of the British Virgin Islands (BVI) has recently strengthened ties with the Jersey Financial Services Commission (JFSC) through a Memorandum of Understanding (MoU) signed on 25 October. The agreement formalises a cooperative framework for consultation and information-sharing between the two regulatory bodies, enhancing their oversight in financial regulation.
The MoU signals a shared commitment by the BVI and Jersey to uphold rigorous financial standards and combat financial crimes. By sharing essential intelligence, the FIA and JFSC aim to bolster efforts to detect, prevent, and investigate crimes such as money laundering, terrorist financing, and proliferation financing.
Errol George, Director of the FIA BVI, expressed the importance of the partnership, stating, “The signing of this MoU establishes a framework for information exchange between the FIA BVI and JFSC, supporting compliance with the laws, regulations, and rules relating to the functions of our Authorities. I am indeed pleased with the progress we are making in the Territory to tackle financial crime.”
Through this agreement, both agencies will, upon request, provide critical information that strengthens regulatory practices across the Designated Non-Financial Businesses and Professions (DNFBP) sector. Shared data will include details on corporate structures, management standards, and organisational quality, all essential for effective supervision.
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Business
Virgin Islands Secures $100 Million Loan to Drive Infrastructure and Community Development
Business
FirstBank Customers Accounts Show Zero or Negative Balances Electronically
– Persons Accessing Cash In Bank
This morning account holders at 1FirstBank awoke to discover that their online account balances had disappeared. A widespread issue, affecting both personal and business accounts, has left customers unable to access their funds, with many reporting negative or zero balances on the bank’s digital platform.
The issue was discovered early Tuesday morning when users attempting to log in to their accounts were met with unsettling balances, with some even seeing their accounts marked as overdrawn despite no recent transactions. Several customers described seeing a balance of zero on their account’s home screen despite previously having substantial savings.
“I thought it was just me, but when I called a friend who banks with FirstBank, they had the same problem,” said the account holder. “It’s incredibly stressful, especially since there’s been no word from the bank yet.”
The problem, which seems to have affected customers across the territory, has prompted many to visit local branches in person. Several individuals reported being able to access their accounts once they arrived at the bank. However, the disruption has rendered ATM services and card transactions nonfunctional, leaving customers unable to withdraw cash or make payments.
JTV News reached out to 1FirstBank, where a representative confirmed that the electronic banking system is currently down and the matter is being addressed at the international level. Customers were advised that, for the time being, they would need to visit a branch to resolve any issues, as card swipes and ATM withdrawals were temporarily disabled.
While FirstBank has yet to release an official statement on the cause of the outage, customers are growing increasingly concerned about the safety of their funds. The nature of the problem—whether it is a technical glitch or something more serious like a security breach—remains unclear.
At this stage, it is unknown when the issue will be resolved or if all accounts will be restored to their proper balances.
The financial uncertainty has left both personal and business account holders on edge, with some businesses reporting disruptions in their daily operations due to the inability to access company funds.
JTV News will continue to monitor the situation closely and provide updates as more information becomes available.
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