Regulatory Alerts2010-03-26
Resolution No. 2 of 2010 Approving Financial Investigation Agency Direction on Proliferation Financing
The House of Assembly of the Virgin Islands approved the Direction Given by The Financial Investigation Agency Under Section 3 of the Proliferation Financing (Prohibition) Act, 2009. This approval validates the Agency's exercise of power to address risks of terrorist financing or money laundering in specific countries that threaten the interests of the Virgin Islands or the United Kingdom. The resolution fulfills the statutory requirement under section 11 of the Act to lay the order before the House for approval within twenty-eight days to ensure it remains in effect.
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