Regulatory AlertsFinancial Services Commission Act (Revised 2020)
The Government of The Virgin Islands enacted this Act to establish the Financial Services Commission as the primary body for licensing, regulating, and developing the territory's financial services industry. The legislation defines the Commission's extensive functions, including supervising licensees, enforcing anti-money laundering standards, and exercising crisis management and consumer protection powers. It further details the governance structure, financial provisions, enforcement mechanisms, and cooperation protocols with foreign regulatory authorities.
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