BVI Commits to Combating Financial Crime with 2022 Money Laundering Risk Assessment

Government Takes Proactive Steps to Prevent Financial Crime

VIRGIN ISLANDS, BRITISH - In its continued efforts to combat financial crime, the British Virgin Islands (BVI) government has released the 2022 Money Laundering (ML) Risk Assessment. This assessment is a crucial tool in ensuring that the territory remains vigilant in preventing and combating financial crime.

Assessment Highlights Importance of Vigilance

The ML risk assessment builds on previous findings and demonstrates the BVI’s commitment to identifying and mitigating money laundering risk in accordance with the Financial Action Task Force’s requirements. The report highlights the importance of continued vigilance in addressing financial crime and emphasizes the need for proactive measures to strengthen the anti-money laundering framework.

Key Findings and Recommendations

Some key findings and recommendations from the report include:

• The BVI government has taken steps to address identified risks and implement measures to strengthen its anti-money laundering framework.
• The ML risk assessment is a crucial tool in ensuring that the territory remains vigilant in its efforts to prevent and combat financial crime.

Accessing the Full Report

The full document can be accessed by viewing the attachment list. This report provides valuable insights into the BVI’s efforts to combat financial crime and serves as an example for other jurisdictions looking to strengthen their anti-money laundering frameworks.