The report acknowledged the Virgin Islands' efforts to combat money laundering, terrorist financing, and proliferation financing risks, while also offering recommendations to strengthen its AML/CFT/CPF system. The BVI Government confirmed ongoing work in the identified areas and issued a National Action Plan for implementation.

The BVI Financial Services Commission (FSC), responsible for regulating financial services within the territory, is actively working to implement the recommended actions outlined in the National Action Plan.

The BVI Government’s statement and the National Action Plan can be found here.

The BVI FSC’s news release can be accessed here.