Local companies targeted while Bank of Asia broke laws — Rosan
Political commentator Cindy Rosan has argued that it is unfair for the Financial Services Commission (FSC) to uphold stringent standards for local companies while allegedly allowing the Bank of Asia to operate below legal requirements.
Amid ongoing efforts to get answers about some $5 million in public funds deposited in the embattled bank, various authorities have revealed that the Bank of Asia failed to routinely submit statements and other documents to the FSC, as required by law.
Rosan said this is particularly troubling, especially since she is aware of local business owners who face pressure from the FSC when they fail to meet compliance deadlines.
“I’ve had a couple [of] clients and I know of businesses — specifically businesses owned by locals — that were given a heavy hand by the FSC when making sure that their compliance is in place so their companies can continue. To think they’ve had to deal with this as local company holders and you have an entire bank that has been given pass after pass. Corruption is involved,” Rosan stated.
She added that it is unfortunate the territory is now grappling with the Bank of Asia matter in the wake of the damning Commission of Inquiry report and the Andrew Fahie drug conviction, both of which exposed serious governance failures.
“To me, it means we really don’t care about the BVI. I’m really talking about those greedy monsters that we entrust to do the people’s business and we expect their transparency — which is something they’ve run on in the last few years,” Rosan added.
Opposition Leader Myron Walwyn has formally written to Governor Daniel Pruce, calling for an investigation into the Bank of Asia matter. However, there has been no indication to date that the Governor’s Office plans to launch a formal probe.
Premier Dr Natalio Wheatley, in the meantime, has sanctioned an internal audit of the matter.
Copyright 2025 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.
‘I have had a couple of clients …’
What clients does she have – even the purported advertisements on her website are fake.
Wiggy – STOP! You already gone down with that ship. The woman proved you a fool, a fraud, and a liar! Your fake news and annoying blogging are clear to all. But then again, you are great entertainment value.
Cindy in not wiggie stop it her hair is real
TEETH AND TONGUE FALL OUT IT SEEMS
In actually the Bank of Asia was created to allegedly launder massive drug proceeds. We were SUPPOSE to be a narco island by now but you all messed that up with jealousy. The Bank wasn’t created to grant loans etc. just allegedly deal with the proceeds of trafficking.
When will we be able to drive on good roads and take a bath in the morning? I guess we will never know because the queen of journalism never reports of anything negative with respect to the GQ Minister. If she likes you, you get a pass. These people love themselves and drama, they do not love the BVI. I look forward to seeing the 3 part in-depth story on why in 2025 people cannot get running water for weeks and yet nobody says or does anything. Maybe we will get the story once there is a way to blame the Premier and Lorna for it.
You nailed it — and let’s stop pretending we don’t see the pattern. Every time there’s legitimate outrage about something under Hon. Kye Rymer’s portfolio — whether it’s the deplorable state of our roads or the chronic water shortages — the Editor-in-Chief at Guavaberry Media either goes silent or quickly shifts the spotlight elsewhere. It’s not journalism; it’s interference. Strategic, intentional interference.
When the water doesn’t run for days or weeks, when families have to fill buckets from cisterns like it’s 1965, where is she? Nowhere to be found. But let the Premier breathe wrong and suddenly it’s a 3-part series with diagrams and anonymous sources. It’s blatant. Her silence on Kye’s repeated failures is the loudest endorsement of ineptitude we’ve seen — and it insults every Virgin Islander who’s living through the consequences.
This isn’t love for country. It’s a media playbook built around protection and deflection, and the people are left to suffer while she shields her favourites from the scrutiny they’ve earned. We deserve a press that tells the truth — not one that picks and chooses based on personal alliances.
These are legacy issues, ain’t now they been happening and yall want the man the fix them overnight right?
When was the last time Fox reported a positive story about a democratic president or MSNBC something positive about a Republican president. All media have their biases so dont hold Cindy to a different standard.
@yawn: so natalio send you to ask Cindy to rod kye rhymer for non performance after natalio deliberately withhold the finance for the road and water and have it to Vybz Kartel quarter million USD.
And now Cindy is your hero to bring justice in the society when you just call her crazy, she has always been above the standard set by the entitlement clique.
@BVINews
Let’s be clear—continuing to publish or promote Guavaberry Media’s content without verifying its accuracy is a dangerous path. Whether intentional or not, it plays straight into the hands of Mrs. Rosan-Jones, who has built a strategy around spreading half-truths and forcing others to defend themselves after the damage is already done.
This isn’t journalism—it’s manipulation.
She’s using the power of the press to serve her own narrow interests, not the public’s right to know. And anyone who gives her a platform becomes part of that tactic, knowingly or not (Leader of the Opposition I am talking to you)
If protecting your brand and credibility matters to you, now is the time to draw a line. Don’t get caught in a cycle that undermines trust, spreads confusion, and drags everyone else into her personal agenda.
There’s a difference between truth-telling and headline-chasing. Choose wisely.
Nice try. However if you want to call out GB then you willl most definitely have to start with the BVI tabloid that is the canary, skittles, rainbow, Hershey highway surfing dude’s vile rag.
Refute her facts and via your own blog, podcast or any other means. But don’t try to sugar coat your personal disdain for fact finding and reporting what others have no gonads to strive for.
Jealousy doesn’t suit you.
Say what ayo want about Cindy but if it wasn’t for her we wouldn’t even know about a lot of the crap these people in government does be up to. Them quick to call her crazy when she say anything like she just pull something out of thin air to try and discredit her then you got to find out later on what she saying was 95% correct. Cindy a thorn in their side and I love it.
Just had a discussion about this BVI News article, and someone pointed out a ridiculous comment Clueless Cindy made in her Guavaberry chat about beneficial ownership.
It’s honestly embarrassing—she still doesn’t grasp that in the UK, clients update their own registers and lie regularly, while here in the BVI, it’s regulated agents who manage that process with oversight. And yes, we do have a UBO Register—access is simply restricted. That’s not secrecy, it’s privacy, and it’s rooted in our legal system and respect for rights.
What’s truly alarming, though, is the growing crowd quietly pushing and propping her up. They know her theories are half baked, details half true or sometimes flat out wrong, but they support her because she serves a narrative that benefits them. That’s dangerous. These aren’t just uninformed folks either—they’re people in influential spaces who are actively trying to reshape the BVI in someone else’s image.
Cindy might be the mouthpiece, but the real threat is the silent chorus behind her. That’s who we should be watching.
I am curious if what is alleged is true can local companies that had to play by the rules sue the overseeing regulator??? Just asking.???
No, the FIA has sweeping powers and targeting numbers of clean small businesses and charities with very heavy hand. Some have spent up to $100000 in compliance. Yet they fail to go after the cash industries, car rentals, shops, religious enterprises that probably do launder money and could lead to a conviction
It’s amazing that persons who never spent a single day in the financial services industry have so much to say. There is a reason why a commission was set up to manage financial services. FS and politics does not mix but this too shall pass.
Unfortunately, your comment that “FS and politics does not mix” is the ideal and not the reality. A few people are still influenced to use their position to double the pressure on some while easing it on others.
the government break the news to yall the 5mil tax dollars was invested into bank without your knowledge and has gone missing long before cindy open she mouth and yall only concern about what cindy is saying and having issue with what she is saying instead of putting your energy towards the politician’s and your missing 5mil tax dollars….
clowns mehson.
independence and we in hot water the real way cuz yall will be busy pulling down each other while the politicians take your tax money and do everything that benefits them and their family/friends.
They are so stupid…omg. They have a bigger issue with the lady than millions of missing taxpayers money. What’s even more disturbing is that our Premier/Minister of Finance is claiming not to know how the money was deposited to the bank.
Cindy sick trust me do not believe any thing she get people to write for her she is crying for help with fu**y man pushing her
She needs to go pay …
YOU COME NO THIS SITE TO BLOGG ON CINDY USING DIFFERENT NAMES IS NOT FOOLING US / THE GIRL IS JUST BRINGING WHATS GOING ON BEHIND THE SCENES TO THE PEOPLE AND YOU GETTING ON LIKE ITS CAUSING YOU PAIN AND SUFFERING / WHY YOU DON’T CALL OUT THE MINIISTERS WHO IS NOT DOING THEIR HOME WORK / SHE DIDN’T PUT ANY OF OUR TAXPAYERS MONEY IN THAT BANK / IS SHE SUPPOSED TO DO THEIR WORK FOR THEM ❓️ YOU PLAYING JUDGE JURY AND EXECUTIONER ON HER / YOU NEED TO GO AND PLAY WITH
YOUR WIG AND STAY ON YOUR RACIST YELLO SITE WHERE YOU RULE SUPREME IN YOUR EVIL SH*TTY MIND •
CINDY IS SAYING )> BOI YOU REALLY TRYING THAT NONSENSE STORY ON US , YOU CANNOT EXPLAIN THE 20 MILLION AND HERE YOU COMING AGAIN WITH ” AM GONNA DO SN INVESTIGATION ON MYSELF ” YEAH RITE ,THATS REALLY FUNNY .
the funny thing is you of all people calling othèr people FUNNY SO PLEASE ENLIGHTEN US ( WHAT DO YOU CALL YOURSELF ? •¿• ) WE ALREADY KNOW / but in your case all you have to do is look in the mirror / the talk on the street is that you ( teKing ah BLEACH ) do you plan to come like Michael jackson ❓️ , well it might get you the attention you so craves you will be like an albino hippo
Having worked with the FSC for years, I do NOT believe that it can be accused of corruption. The institution has managed the financial affairs of the BVI very well for years, balancing the demands of the international community while producing huge income for the territory. As a very small and powerless IFC, the BVI consistently punches above its weight, in no small part because of the skills of the FSC.
The FSC does its work largely quietly, so we do not really know what it was saying to the Bank of Asia, though it was clear to many that the bank had huge financial and practical operational difficulties. But to accuse the FSC of corruption is just ridiculous.
FSC is not small, has sweeping powers and licenced the bank owned by a single High Profile indivdual/friend of minister. The bank should have been suspended as soon as audited accounts were not filed and investigated as high risk when the cases started going through our commercial court from 2019. 5 years of incompetence.
This woman/ transgender is a fraud it’s just people are dumb and can’t tell what a woman and man looks like. This person is signed to the lodge. do you really think anyone can go in social media and say what they want. Nope and no. You will be censored and now in places they pass the law to lock you up if you say something against these puppets. How is it she can say what she wants with no repercussions. Only few will be on the narrow road. This woman also showed you all the house where wild parties be and nothing happened. Who knows if she’s not Mika berry because she’s getting away with every nonsense she does while really people are getting fired for speaking the truth
Parece que mucha gente tiene problemas con Cindy, pero muchas veces dice la verdad. En Tórtola, la verdad tiene muchos problemas. Triste, pero cierto.