Country for PR: United Kingdom
Contributor: PR Newswire Europe
Saturday, April 30 2022 - 08:42
AsiaNet
BVI Finance Response to the COI Report and Arrest of Premier
TORTOLA, British Virgin Islands, Apr. 30, 2022 /PRNewswire-AsiaNet/--

Neither the publication of the Commission of Inquiry (COI) report into the 
governance of the British Virgin Islands (BVI), nor the recent US arrests of 
Premier Andrew A. Fahie and others, should be conflated with the BVI financial 
services sector, which is operationally independent.

BVI Governor John Rankin confirmed again when announcing details of the COI 
report today that this was "not an investigation into the BVI's financial 
services sector" and offered his "continued support for the work of the BVI's 
Commercial Court, the Financial Services Commission and other regulatory bodies 
that continue to operate as normal acting in accordance with international 
regulatory standards and a robust English Common Law framework."

The Governor went on to welcome the BVI's "continued good cooperation with law 
enforcement agencies in the financial (services) field and the steps being 
taken with regard to the introduction of publicly accessible beneficial 
ownership registers."

BVI Finance welcomes these remarks and the jurisdiction will continue to offer 
its products and services as a respected world-class international financial 
centre.

Source:  BVI Finance