The Government of the Virgin Islands, via the Ministry of Financial Services, Economic Development and Digital Transformation, has published a National Strategic Action Plan on anti-money laundering, countering the financing of terrorism and countering proliferation financing (AML/CFT/CPF), setting out a coordinated programme of measures intended to strengthen the Territory’s framework in line with Financial Action Task Force standards. Approved by the National Anti-Money Laundering Coordinating Council on 21 February 2025, the plan supports implementation of the 2024–2026 National AML/CFT/CPF Strategy and sets legislative, regulatory, institutional and operational priorities. Key objectives include legislative reforms, stronger regulatory and law enforcement capabilities, enhanced supervision of financial institutions and designated non-financial businesses and professions, improved beneficial ownership transparency, and better detection, investigation, prosecution and international cooperation. Responsibilities are allocated across the Financial Investigation Agency, Financial Services Commission, Attorney General’s Chambers, Royal Virgin Islands Police Force, and the ministry. Delivery will be continuously monitored and reviewed by the National Anti-Money Laundering Coordinating Council as the framework for implementation through 2026.
Ministry of Finance (British Virgin Islands) 2025-04-25
British Virgin Islands Ministry of Financial Services publishes National Strategic AML/CFT/CPF Action Plan through 2026
The Virgin Islands Government released a National Strategic Action Plan on anti-money laundering, countering terrorism financing, and countering proliferation financing (AML/CFT/CPF) to align with Financial Action Task Force standards. Approved by the National Anti-Money Laundering Coordinating Council, the plan outlines legislative, regulatory, and operational priorities, including enhanced supervision and improved transparency. Implementation will be monitored by the Council through 2026.