AML/CFT Videos

This educational video on Terrorist Financing (TF), is designed to enhance industry awareness and understanding of TF risks and promote effective compliance within the Virgin Islands’ financial sector. The video outlines what terrorist financing is, how funds are raised, moved and used for terrorist purposes, and the responsibilities of supervised entities in mitigating TF risks. It also highlights the importance of customer due diligence, sanctions screening, ongoing monitoring, and timely reporting of suspicious activity. Licensees are reminded of their obligations under the Counter-Terrorism Act, relevant Orders in Council and the wider AML/ CFT/ CPF framework. They are encouraged to view the video and ensure staff are aware of and carry out their responsibilities including:

• Screening clients and their directors and beneficial owners against sanctions lists
• Freezing and reporting funds or assets linked to designated persons
• Following guidance and notices issued by the Commission and the Financial Investigation Agency