The Government of the Virgin Islands has announced that an official delegation is attending a joint Plenary session of the Financial Action Task Force (FATF) and MONEYVAL in Strasbourg, France from June10 to June 13.

The delegation includes Honourable Lorna Smith OBE, Attorney General Honourable Dawn Smith, National AML Coordinator Ms. Lavonna Burrows, and Deputy Managing Director of Regulation at the Virgin Island’s Financial Services Commission (FSC) Mr. Glenford Malone. 

Honourable Smith OBE said, “This visit is an opportunity to reaffirm the Virgin Islands’ vital role as a constructive and cooperative partner in the global fight against financial crime.”

She added, “I look forward to meeting with my fellow delegates and discussing with them how we can work together to continue strengthening our financial system so that the BVI continues to be a best-in-class jurisdiction that demonstrates excellence, innovation and leadership in the region and beyond.”

The team is expected to gain better insight into international standards for Anti-Money Laundering (AML) Countering the Financing of Terrorism (CFT) Countering Proliferation Financing (CPF) discuss and highlight the Territory’s compliance and ongoing commitment to implementing international best practices relating to these standards.

Honourable Lorna Smith OBE and her delegation will hold discussions on the implementation of recent measures which have significantly enhanced the Government of the Virgin Islands’ ability to use financial and other intelligence to support money laundering and terrorist financing investigations, ensuring it can more effectively impose targeted sanctions and tackle criminal networks operating abroad.

A further statement will be issued by the Government following the conclusion of the Plenary Session.