British Virgin Islands: Financial Sector Assessment Program Update Documentation: Technical Note on Corporate and Trust Services Providers
October 25, 2010
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This study reviews the structure of the Trust and Corporate Service Providers (TCSP) sector in the British Virgin Islands (BVI), focusing on their role in the offshore financial sector, and seeks to assess the legislative framework in place as well as effectiveness of implementation and enforcement of this framework. Structure of the TCSP industry and the key features of legislative framework are also discussed. The global financial crisis has also resulted in a significant decline in asset values. The Financial Services Commission Act (FSCA) provides a strong framework for the supervision of other financial services in the jurisdiction.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Financial services, Legal support in revenue administration, Revenue administration
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), business companies in the main, BVI business company, BVI government, companies legislation, company incorporation, company registration, CR, Global, ISCR, Legal support in revenue administration, management business
Pages:
21
Volume:
2010
DOI:
Issue:
326
Series:
Country Report No. 2010/326
Stock No:
1VGBEA2010004
ISBN:
9781455208777
ISSN:
1934-7685
