FSC BVI (Financial Services Commission British Virgin Islands)

FSC BVI (Financial Services Commission British Virgin Islands) Financial Services Commission BVI.

Along with other offshore jurisdictions other British Virgin Islands follow the recommendations of the FATF and the OECD through the strengthening of its state regulatory function. In 1999, the British Virgin Islands Code was adopted to counter the laundering of proceeds from illegal means (ANTI-MONEY LAUNDERING CODE OF PRACTICE, 1999).

January 1, 2002 British Virgin Islands Government established an independent regulator the Financial Services Commission (FSC - Financial Services Commission). In October 2002, when the Financial Services Commission was established financial centers as a specialized unit to promote the financial services market, as well as the positioning of the Virgin Islands as a first-class international center of financial services.

Most international business companies in the British Virgin Islands were created as a mechanism of protection of property (assets), sometimes in conjunction with the use of a trust for the holding of shares or other property (assets). Establishment process is in the hands of licensed registered agents, which act as "gatekeepers" to protect the reputation of the British Virgin Islands.