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Horsepath Dip Issue to be Addressed, Says Minister for Communications and Works
The longstanding issue of the Horsepath dip, causing inconvenience for motorists and residents, is finally set to be rectified, according to the Minister for Communications and Works, Honourable Kye Rymer.
During a community meeting, Honourable Rymer met with residents and provided an update on the upcoming works that will enhance the design and functionality of the dip. The Minister acknowledged the impact on property owner Mr. Percival, as well as the difficulties faced by motorists due to the dip’s flawed design.
To address these concerns, the Public Works Department has developed a design for the area and presented it at the meeting. Honourable Rymer also explained the changes in traffic flow that will occur once the reconstruction begins.
Deputy Director of the Public Works Department, Mr. Kurt Hodge, gave a brief presentation on the plans for the dip’s reconstruction and addressed concerns raised by attendees.
The full video of the community meeting can be viewed on the Government of the Virgin Islands’ Facebook page @BVIGovernment.
The Ministry of Communications and Works remains committed to maintaining and developing public infrastructure in the Virgin Islands in accordance with international standards.
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BVI Shuts Down Liquor Sales for Good Friday — Violators Face Fines, Police Warn
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Virgin Islands Publishes National Risk Assessment on Financial Crime Risks

The Government of the Virgin Islands has released its first National Money Laundering, Terrorist Financing, and Proliferation Financing Risk Assessment of Legal Persons and Legal Arrangements, as required under the revised Financial Action Task Force (FATF) Recommendations 24 and 25.
The report provides an evaluation of the potential misuse of Virgin Islands legal entities—such as BVI Business Companies (BVIBCs), trusts, and limited partnerships—for money laundering (ML), terrorist financing (TF), and proliferation financing (PF). It outlines existing threats and vulnerabilities and identifies measures aimed at reducing exposure to financial crime.
The assessment found that while legal persons in the Territory are generally subject to regulatory oversight, the global nature of financial services and the complexity of cross-border structures present inherent risks. The residual risk of misuse for money laundering was assessed as “Medium High” across most categories of legal persons and arrangements.
Premier of the Virgin Islands and Chair of the National Anti-Money Laundering Coordinating Council (NAMLCC), Honourable Dr. Natalio D. Wheatley, issued a statement on the report’s release:
“This risk assessment marks a significant milestone in the Virgin Islands’ journey to strengthen our anti-money laundering and counter-financing of terrorism regime. It reflects our resolve to understand our exposure to financial crime and act decisively to mitigate it. As a premier international financial centre, we are responsible for leading with integrity, upholding global standards, and ensuring that the Virgin Islands is not a haven for criminal abuse of corporate structures.”
The assessment was led by NAMLCC and developed with input from several government agencies, including the Financial Investigation Agency, Financial Services Commission, Royal Virgin Islands Police Force, Attorney General’s Chambers, and the Ministry of Financial Services, Economic Development and Digital Transformation. Industry representatives—including trust and corporate service providers, legal professionals, and accountants—also contributed through consultation.
The findings are expected to inform upcoming legislative reforms, compliance measures, and cross-border cooperation initiatives. The full report is available through the Government of the Virgin Islands.
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New Licensing Structure for Charter Vessels Moves Forward After BVI-USVI Meeting

The governments of the British Virgin Islands (BVI) and the United States Virgin Islands (USVI) have strengthened their commitment to regional maritime cooperation following a diplomatic meeting held on April 15 in Charlotte Amalie, St. Thomas. The talks focused on refining the charter vessel fee structure and aligning operational frameworks to support growth in the maritime tourism sector.
Premier of the Virgin Islands, Dr. Natalio D. Wheatley, and Governor of the USVI, Albert Bryan Jr., reaffirmed a shared vision of economic partnership and regional integration. The discussions followed initial dialogue held on March 7 in Tortola and reflect ongoing efforts to harmonize maritime policy and licensing structures between the two neighboring jurisdictions.
A key focus of the meeting was the Commercial Recreational Vessels Licensing Act of 1992, which the Government of the Virgin Islands has moved to amend. The proposed amendment bill received its first reading in the House of Assembly on January 7, 2025, and is currently listed for second reading in the present session. If passed, the changes are expected to take effect by June 1, 2025.
Under the proposed revised fee structure, term charters originating outside of the BVI would be required to pay $7,500 annually for up to seven entries, with an additional $2,100 for each extra entry. A flat rate of $24,000 would apply to vessels seeking unlimited entries. The annual licensing fee for day-trip vessels has been revised to $8,500, while the water taxi license fee remains at $2,500 per year.
The amendments are designed to modernize the BVI’s maritime regulatory system and bring it in line with regional expectations. In addition to fee revisions, the proposed changes include moving from a fixed expiration date system to one based on the anniversary of license issuance, a shift intended to reduce administrative burdens on vessel operators.
Both governments also agreed to the formation of a joint marine task force, which will focus on coordinating regional maritime policy, streamlining regulatory requirements, implementing technology to improve port operations, and enhancing coastal protection efforts.
Premier Wheatley noted that approximately 95 percent of the terms have already been agreed upon between the parties. He confirmed that the BVI government remains open to further collaboration and adjustments in the spirit of maintaining a strong bilateral relationship with the USVI.
This latest round of talks underscores the governments’ continued efforts to create a stable and mutually beneficial regulatory environment for the maritime tourism industry. The initiative is expected to support charter operators and promote long-term economic growth across the Virgin Islands.
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