BVI has done well in tackling money laundering — Premier
Just weeks after his predecessor was arrested in the United States for conspiring to launder money and import cocaine, Premier and Minister of Finance Dr Natalio Wheatley said he believes the Virgin Islands government has done an incredible job over the years in tackling and minimising money laundering in the territory.
The Premier, who recently chaired his first National Anti-Money Laundering and Countering the Financing of Terrorism Coordinating Council meeting, said the money laundering body has been very active over the years.
“Well, one of the purposes of the committee is to put strategies in place to counter the possibility of money laundering and of course, I think we have done a good job over the years in terms of putting the policies, the laws, the enforcement mechanisms in place to counter money laundering,” the Premier said.
“It is not to say that you will never have an instance of money laundering, but do you have the laws, the policy or whatever else in place to counter it, discourage it or stamp it out and prosecute it? I think we have proven over the years that we do. And the evaluations that we receive from the Financial Action Task Force … and other bodies who evaluate us would bear that out,” the Finance Minister added.
Dr Wheatley also noted his National Unity Government remains committed to improving the financial services sector in the territory as it is one of the main economic pillars and the industry has come under serious scrutiny and threats from international bodies.
For this reason, he said he was pleased to chair his first meeting and he was happy with the discussions that took place.
“We deliberated on matters relating to the fight against money laundering, terrorist financing, proliferation financing and other financial crimes,” Dr Wheatley said.
“In this regard, I want to confirm my government and the territory’s commitment to fighting against money laundering, terrorist and proliferation financing and all other illicit financial crimes,” the Premier added.
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Oh dear?????
They have done so well that they can’t even smell the millions laundered right under their nostrils.
This statement makes him a poster child for the entire 900 pages of the COI report.
Omfg
?? come now
Please can we just shut this government down for a couple of years and have some direct rule. These people have no shame. Do they honestly think people still buy into their sound bites (obviously some idiots do).
Lol… it most likely hasn’t been laundered it has been spent conspicuously on new villas, go fast boats and noisy motorbikes. We are entering the post narco state / post mismanagement state phase of our country’s history. Hopefully honesty and awareness will become the bedrock principles of our new society.
It would be good to have the Unexplained wealth legislation that should have passed in 2021
Yes, thanks to several very large washing machines scattered around the territory run by B U S I N E S S M E N
And car rental businesses with vehicles permanently driven by locals….. how many car hire businesses are there in bvi, out of interest?
He knows he still has this crew who are involved with AF mess.
Somebody come for your family. PLEASE
STFU
Useless words. Confidentiality protects the money launderers so the public never knows the truth until some ‘investigative journalists’ publishes millions of person’s names that direct of own shares of BVI companies and their assets.
Whose names and assets will appear later this year when another hard drive falls into the hands of the ICIJ?
Boy yo could hear some assishness only in the bvi
Yeah right! They have done so well that even the leader of the country tried it by himself…….LOL
Are these guys that dumb that they would comment on money laundering two months after their partner friend and premiere was busted running Coke n money
About as well as we have done at Ice Hockey.
Did anyone expected him to say anything else?
“the Virgin Islands government has done an incredible job over the years in tackling and minimising money laundering in the territory.”
Is this guy for real???
Tell me one person who has been investigated and charged for money laundering.
Give an example of when money laundering has been “tackled “ or “minimized “ not just vague unsubstantiated talk as usual.
There have been a few cases in the news.
Money laundering in the offshore financial sector is quite different from money laundering in the drug trade. The two should not be confused.
Wait what?!!???1!!
Fahie did.
But he was going to put it through a real estate business in MIAMI. The laundering was going to take place in US
This guy must be a joke and blind. The BVI has the biggest rate of money washing. Just look at those rental companies, big fleet trucking companies, boat charter companies,etc. Just because you can’t prove it doesn’t mean there isn’t any.???
This man living in a dream, mo**y laundering rife
The Panama Papers do not bear this out
Please deliver us from the Unity Party with no shame or sense! What a bunch of useless Clowns? Embarrassing the BVI 6 times a day! Beyond belief!
Did former Premier Fahie flaunt any of the BVI protocols legislated to prevent money laundering? If yes, what is or are the infringement(s)? Will he be prosecuted locally?
ARE STILL READING FROM HIS SCRIPT , OR THIS GUY IS A GENIUS ?
Does the headline mean that pthers have been succesful in gathering shopping bags full of cash in private aircraft and other exclusive locations?
Second question: if controlling money laundering ia a priority, why all the onjections to beneficial ownership rules?
Washing all the unswept in bed sheets on TREASURE ISLAND hanging them up in the permanently empty very small car park!
YooHoo Natalie…..did you think we all fell off a turnip truck???? Check the Panama Papers …. money laundering under control, just who are you kidding!!