Regulatory Alerts2014-05-06
Resolution No. 1 of 2014 Approving Financial Investigation Agency Direction on Proliferation Financing
The House of Assembly of the Virgin Islands approved the Financial Investigation Agency's direction issued under Section 3 of the Proliferation Financing (Prohibition) Act, 2009. This approval validates Statutory Instrument 2011 No. 74, which addresses risks of terrorist financing, money laundering, and proliferation activities in specific countries. The resolution fulfills the statutory requirement for legislative approval within twenty-eight days to ensure the order remains in effect.
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