Virgin Islands Strengthens Counter-Terrorist Financing Efforts through Terrorist Financing Risk Assessment

The Virgin Islands has launched its Terrorist Financing Risk Assessment 2025, showcasing its proactive approach to safeguarding its financial system.

The assessment was initiated by the National Anti-Money Laundering Coordinating Council to inform and strengthen counter-terrorist financing efforts.

The cross-agency working group covered a range of sectors, including financial institutions and virtual asset service providers.

The report highlights a low risk for collecting and using terrorist funds, but medium-high risk areas that need further consideration.

Movement of terrorist funds through Virgin Islands entities, virtual asset platforms, and complex structures pose a higher risk.

The assessment outlines targeted recommendations to mitigate these risks, including enhanced training and data sharing.

The Premier of the Virgin Islands welcomed the publication, emphasizing the territory's commitment to proactive decision-making.

The 2025 assessment reflects the Territory's commitment to international standards in counter-terrorterist financing.

The Virgin Islands remains a reputable international financial centre, upholding the highest standards in counter-terrorist financing.

The assessment will inform the development of future policies and strategies to combat terrorist financing threats.