The British Virgin Islands (BVI) has been a home for modern financial services for more than 15 years...
The British Virgin Islands (BVI) has been a home for modern financial services for more than 15 years. However, the clement weather of the islands is in stark contrast to the political storm that, for the last few years, has been gathering over all offshore financial centres. In response to concerted international pressure, the BVI has adopted an agenda of legislative reform. The territory has therefore avoided the brunt of criticism from the Financial Action Task Force (FATF) and its explicit threat of action against regimes that are 'unco-operative' in the fight against money laundering. ...
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