Local News
Virgin Islands Commits to Financial Integrity Standards in response to CFATF Report
The government of the Virgin Islands has taken a decisive step forward in its commitment to upholding financial integrity standards, responding to the publication of the Mutual Evaluation Report by the Caribbean Financial Action Task Force (CFATF) with resolute determination.
Premier and Minister of Finance Dr the Honourable Natalio Wheatley emphasised the paramount importance of maintaining high standards of financial integrity and transparency, stating, “We know high standards of financial integrity and transparency that meet global standards are essential.” This commitment was further underscored by the government’s pledge to diligently implement recommendations outlined in the accompanying National Action Plan, unveiled in tandem with the report.
Deputy Premier and Minister for Financial Services, Labour, and Trade, Honourable Lorna Smith, OBE, outlined a comprehensive array of proactive measures already underway. These initiatives span from the revision of the National Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Policy to the establishment of a regulatory framework for virtual assets service providers (VASP).
Attorney General, Honourable Dawn J. Smith, shed light on the jurisdiction’s robust legislative framework and emphasised the imperative of fostering a cohesive partnership between the public and private sectors. “We have a strong legislative framework in place,” noted Minister Smith, stressing the collective responsibility shared by all stakeholders in combating financial malpractice.
The government’s proactive response to the CFATF report underscores its unwavering commitment to not only meet but exceed expectations in safeguarding the financial sector against illicit activities.
The CFATF Plenary, held in Aruba from November 26th to December 1st, 2023, adopted the Mutual Evaluation Report of the Virgin Islands (British). This evaluation provides a comprehensive analysis of the Anti-Money Laundering (AML)/Counter-Terrorist Financing (CTF) measures in place in the Virgin Islands (British) as of the on-site visit conducted between March 13th and April 3rd, 2023. The report assesses the jurisdiction’s compliance with the FATF 40 Recommendations and evaluates the effectiveness of its AML/CFT system, offering recommendations to strengthen the system further.
The Royal Virgin Islands Police Force (RVIPF) has made a major breakthrough in addressing a string of burglaries that had left communities across the Territory on edge. A 17-year-old male from Jost Van Dyke has been arrested and charged in connection with multiple burglaries in Butu Mountain, East End, Great Mountain, and Mount Healthy.
The young suspect faces four counts of burglary and one charge of criminal damage, marking a significant development in the RVIPF’s efforts to combat crime in the region.
“This arrest demonstrates our commitment to addressing the concerns of our residents and ensuring that offenders are held accountable,” said Acting Commissioner of Police Jacqueline Vanterpool. She also called attention to the broader issue of youth involvement in criminal activities, emphasizing the need for community collaboration to tackle the problem. “It will take an all-hands-on-deck approach to solve this serious problem,” Vanterpool added.
While the arrest represents progress, police officials urge residents to remain vigilant. The RVIPF continues to seek information related to these burglaries and encourages the public to come forward with tips.
Anyone with relevant details can contact the RVIPF Intelligence Unit at 368-9339 or submit tips anonymously through Crime Stoppers at 800-8477 (TIPS) or 1-284-800-8477.
In an inspiring act of generosity, Russ Roschman, an avid animal lover, marked his birthday in an extraordinary way—by dedicating it to the furry residents of the BVI Humane Society. Instead of accepting gifts, Roschman launched a GoFundMe campaign that raised an impressive $2,500 for the shelter.
Roschman spent the day with the shelter’s animals, earning the gratitude of staff and the community alike. The funds raised will be directed toward the running costs of the current shelter, providing vital resources to care for the animals.
The BVI Humane Society, in a heartfelt post, expressed their appreciation, calling Roschman an “amazing animal lover” and extending a “big furball thanks” for his kindness.
This act of selflessness shines a light on the ongoing needs of shelters like the BVI Humane Society, which rely on donations and community support to provide essential care for animals in need. Roschman’s gesture is a reminder of the impact individuals can make, one paw at a time.
The Immigration and Passport (Amendment) Act, 2024, signed into law by Governor Daniel Pruce on November 1, introduces significant changes to the Territory’s immigration policies. Among the most notable amendments is the doubling of the residency requirement for individuals seeking Belonger status, extending the period from ten to twenty years.
The legislation also establishes an Immigration Appeals Board to handle challenges and disputes, reflecting the government’s commitment to enhancing the transparency and accountability of the immigration process. Premier Natalio Wheatley described the amendments as a step forward in refining the system. “We are committed to ensuring that the process is transparent and equitab
Governor Daniel Pruce
le,” the Premier said in a statement.
While the new law introduces robust measures to regulate and manage immigration, it has drawn mixed reactions. One key point of contention is the lack of new pathways for children born in the Virgin Islands to non-Belonger parents. Critics argue that this omission leaves a gap in addressing a demographic often caught in legal limbo.
The amended law also tasks a newly created Quota Setting Committee with advising the Board of Immigration on annual quotas for residence and Belonger certificates. This ensures that quotas align with the Territory’s capacity and strategic objectives.
However, the law is not yet in effect. It will commence on a date to be announced by the Premier in the official Gazette. Applications submitted before this date will be processed under the previous legal framework, providing clarity for those already in the system.
The government has framed these changes as part of its broader strategy to ensure sustainable growth and prosperity for the Virgin Islands. “These amendments are designed to support the Territory’s long-term goals while maintaining fairness for all residents,” a government statement emphasised.
Teen Arrested in Connection With Series of Burglaries Across Virgin Islands
Animal Lover Celebrates Birthday by Raising $2,500 for BVI Humane Society
Virgin Islands Doubles Residency Requirement for Belonger Status
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