Local News
Virgin Islands Releases 2025 Risk Assessment on Terrorist Financing
The Government of the Virgin Islands has released its 2025 Terrorist Financing Risk Assessment, reinforcing its commitment to protecting the jurisdiction’s financial sector and aligning with global efforts to combat terrorist financing. The report reflects a proactive approach to identifying and addressing emerging threats, while maintaining the Territory’s standing as a responsible and compliant international financial center.
Building on its inaugural 2020 assessment, the new report was developed by a cross-agency working group under the oversight of the National Anti-Money Laundering Coordinating Council. It offers an in-depth evaluation of the Territory’s vulnerabilities to terrorist financing and identifies key areas for policy and regulatory reform.
While the assessment concludes that the Virgin Islands continues to pose a low risk for the collection and deployment of terrorist funds, it highlights a medium-high risk associated with the movement of funds through British Virgin Islands (BVI) entities—particularly those operating via virtual asset platforms and complex corporate structures. These areas, the report notes, are susceptible to misuse due to their cross-border nature and the rapid pace of technological innovation.
The report’s findings are accompanied by a series of targeted recommendations. These include enhanced training for agencies on the front lines, improved detection mechanisms for virtual asset-related threats, and increased data sharing among local and international enforcement and regulatory bodies.
Premier Natalio D. Wheatley, who also chairs the Anti-Money Laundering Coordinating Council, said the assessment reaffirms the Territory’s “commitment to proactive, data-driven decision-making in the fight against terrorist financing.”
“We take our responsibility to uphold international standards extremely seriously,” Wheatley said. “These findings will guide the next phase of our reforms, particularly in strengthening regulatory frameworks for virtual assets, improving interagency coordination, and reinforcing our sanctions enforcement efforts.”
The 2025 assessment integrates insights from recent national risk evaluations of legal persons, legal arrangements, and non-profit organisations, and incorporates guidance from the Virgin Islands’ 2024 Mutual Evaluation Report. It also draws upon international case studies and patterns of misuse involving BVI entities.
The Royal Virgin Islands Police Force has confirmed that Tarik Aaron was arrested shortly before midnight on Friday, April 17, on extradition orders issued by authorities in the United States Virgin Islands, and has since appeared before the Magistrate’s Court.
According to police, the arrest was carried out in connection with a request from USVI authorities, though further details have not been disclosed.
Aaron appeared before the Magistrate’s Court today and was denied bail.
Further updates are expected as more information becomes available.
The Civil Registry and Passport Office has announced an increase in fees for United Kingdom passports, effective April 8, 2026.
According to the office, the revised fees apply to new, renewal and replacement passport applications, as well as other related services.
Under the new structure, the cost for a new, renewal or replacement adult passport has been set at £116.50, while the fee for a child passport is £75.50. Adult frequent traveller passports will cost £130.50, and child frequent traveller passports £89.50.
The fee for changes to an existing passport will also be £116.50. In addition, a delivery fee of £14.32 will apply.
The Civil Registry and Passport Office advised that the updated fees are now in effect and apply to all relevant applications submitted on or after April 8.
A bill proposing wide-ranging changes to the Virgin Islands’ electoral system was introduced in the House of Assembly today, Tuesday, April 22, by Premier and Minister of Finance, Honourable Dr. Natalio D. Wheatley.
The proposed Elections (Amendment) Act, 2026, is based on consultations with stakeholders and recommendations from observer missions, as well as input from the Deputy Governor’s Office and the Office of the Supervisor of Elections.
“This is the Elections Amendment Act 2026, following extensive deliberations with a number of entities, including a committee of the House who looked at recommendations of various observer missions that came to The Virgin Islands,” Hon. Wheatley said during the continuation of the Second Sitting of the Third Session of the Fifth House of Assembly.
He said the bill also builds on work undertaken by the previous House of Assembly. “Also, the last House of Assembly looked at a number of recommendations that were forwarded through the Deputy Governor’s Office and the Office of the Supervisor of Elections,” he said.
Hon. Wheatley said the proposed amendments were developed through discussions on changes to the Elections Act. “We had very extensive discussions about amendments to the Elections Act, and of course, those recommendations were used to make this Amendment Act. This received its first reading some time ago, and now we are here to debate this Elections Act, so that it can therefore become law,” he said.
The bill introduces several reforms to the electoral framework, including expanded access to voting through mobile and curbside options for individuals with physical limitations and the formal use of assistive technologies for voters with disabilities.
It also provides for the establishment of a Department of Elections and an Elections Advisory Committee to oversee voter registration and election administration.
Additional provisions include a formal Code of Conduct for political parties and candidates, along with new rules governing campaign donations and political financing.
The legislation also proposes restrictions on the announcement of major public grants or projects shortly before an election, aimed at addressing potential incumbency advantages.
The bill has already received its first reading and is expected to be referred to a committee when the House of Assembly resumes on April 30, 2026, at 10 a.m., where it will undergo further review as part of the legislative process.
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