PR95773

TORTOLA, British Virgin Islands, Apr. 30, 2022 /PRNewswire=KYODO JBN/--

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