The Financial Investigation Agency advises that if you engage in the following business activities which are outlined in Regulation 2(1) of the Anti-Money Laundering Regulations, 2008, as amended, (“AML Regs.”) and you fit the description of an entity defined in Section 2(1) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008, as amended, (“AML Code”), you are required to comply with the Anti-Money Laundering/Combating the Financing of Terrorism (“AML/CFT”) laws of...

The public is advised that Ephren Taylor Jr., who visited the Virgin Islands and addressed members of the public in March 2007 during a business seminar has been named as a defendant to a class action lawsuit filed in the United States District Court, Northern District of California on behalf of hundreds of Plaintiffs.

The Financial Investigation Agency is advising residents of the BVI to be on the lookout for a new scam that has been recently identified. The scam is being perpetrated via the internet and mobile phones and appears to be targeting civil servants with BVI Government issued mobile phones.

The Financial Investigation Agency would like to remind residents of the arrest of St. Thomas resident Janice Dorette Rey by U.S. Marshalls in February, 2010. Rey, a former BVI resident, is presently in custody in the United States awaiting trial for various offences relating to fraud. She is accused of operating a pyramid scheme titled “Global Cohesive Economics (GCE)” which was used to defraud several BVI residents.

Click to view warnings: Advisory Warning No. 4 of 2010 – Team Casualty Insurance Company Limited and Advisory Warning No. 5 of 2010 – Willow Grove Life Insurance Company Limited

Thursday, May 6 2004 – An inauguration ceremony was held on Thursday, 6 May to launch the Financial Investigation Agency (FIA), which will be responsible for the investigation of white collar crimes affecting the Territory.

The inauguration of the Financial Investigation Agency at this ceremony today is yet another indication of my Government’s commitment to uphold integrity and honesty in business and to stamp out financial and other white-collar crimes, whether in the Territory or whether using the Territory’s financial vehicles as conduits. This commitment is the foundation of our entire financial industry and, I can assure you, it will always be a top priority for this Government.