The Group of International Finance Centre Supervisors held a plenary meeting in the Virgin Islands, combining member discussions on implementation of Basel III by smaller jurisdictions with a workshop on recovering stolen assets run with the World Bank and the United Nations Office on Drugs and Crime’s Stolen Assets Recovery Initiative. The agenda covered the role of financial centres in supporting asset recovery, the use of data and information sharing to enable recovery and returns, a typology review of trust and company service provider (TCSP) supervision, companies registry activities, supervisory challenges, TCSP supervisory college meetings, and a survey of members’ sustainable finance practices. The group said its next plenary meeting will be held in London, with the date to be decided in April 2025.
Group of International Finance Centre Supervisors 2025-11-14
Group of International Finance Centre Supervisors holds Virgin Islands plenary on Basel III implementation and stolen asset recovery
The Group of International Finance Centre Supervisors held a plenary meeting in the Virgin Islands, discussing Basel III implementation in smaller jurisdictions and conducting a workshop on asset recovery with the World Bank and the United Nations Office on Drugs and Crime. The agenda included asset recovery roles, data sharing, TCSP supervision, and sustainable finance practices, with the next meeting planned for London in April 2025.