Required Action

What Action Should Be Taken?

  1. Once a designation is made, in order to comply with the Financial Sanctions regime, , all natural or legal persons, including relevant persons* and non-financial businesses* operating in or from within the Virgin Islands are required to:
    1. check whether you maintain any accounts or hold any funds or economic resources for the persons set out in the Annex to this Notice;    
    2. freeze such accounts, and other funds or economic resources;    
    3. refrain from dealing with the funds or assets or making them available (directly or indirectly) to such persons unless licensed by the Office of the Governor;    
    4. report any findings to the Office of the Governor, together with any additional information that would facilitate compliance with the Regulation;    
    5. provide any information concerning the frozen assets of designated persons that the Governor’s Office may request. Information reported to the Governor’s Office may be passed on to other regulatory authorities or law enforcement.
  2. Failure to comply with financial sanctions legislation or to seek to circumvent its provisions is a criminal offence.
  3. All enquiries, reports and license applications should be addressed to:


The Office of the Governor

Waterfront Drive

Road Town, Tortola VG1110

British Virgin Islands

[email protected]

* “relevant person” means a person carrying on relevant business as defined in the Anti-Money Laundering Regulations, 2008.

* “non-financial business” means a business designated under the Non-financial Business (Designation) Notice, 2008.

Any person that fails or refuses to provide information to the Agency that it considers relevant to the performance of its functions commits an offence and is liable on summary conviction to a fine not exceeding twenty thousand dollars or to imprisonment for a term not exceeding two years or to both.

Contact Us

If you have any questions, feel free to contact us.

Address :

PO Box 4090
Road Town, Tortola VG1110

Phone : (284) 852-3200

Email : [email protected]

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