PYMNTS
APRIL 22, 2019
“Regulation of these platforms would mitigate some of the risks, such as money laundering and terrorist financing, and increase the legal certainty with which they operate. In other news, the British Virgin Islands has announced a partnership with LIFElabs.io that will provide rapid access to funds in the event of an emergency.
PYMNTS
DECEMBER 4, 2018
Citing several people briefed on the matter, the publication reported that the two-day raid last week of Deutsche Bank offices was aimed at finding evidence on a British Virgin Islands-based unit that was part of the bank’s Global Trust Solutions (GTS) business, which had been up for sale in March of 2016.
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PYMNTS
MAY 12, 2020
Small businesses are keeping their employees on payroll and earning salary,” said Steve Bulger, SBA Atlantic Regional Administrator who oversees the federal agency’s operations in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands. .
PYMNTS
MARCH 4, 2019
According to a report in Reuters , citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in countries with tax havens, including the British Virgin Islands, Panama and Belize. The investment firm rates Nordea at underperform.
PYMNTS
APRIL 24, 2019
The British Virgin Islands has linked with a blockchain startup, Lifelabs, to devise a crypto payment platform that will help speed and streamline financial transactions between the dozens of islands in the territory. Banks’ straight-through processing rates are in the mid-80s to mid-90s.
PYMNTS
MARCH 7, 2020
Virgin Islands, Guam and Puerto Rico, where daylight savings time is not observed. But “or” is the operative word in that sentence – and the reason we are all likely looking at a DST-rich future. Specifically, daylight saving Sunday – when Americans collectively spring their clocks forward for an hour at 2 a.m. local time.
PYMNTS
MARCH 4, 2016
billion is tied to two hedge funds based in the Caribbean, with at least some of the radio silence stemming from the possibility of a “calculated decision” made by those funds not to shed too much light on their operations. Of that $2.5 billion thus unclaimed, said the newswire, roughly $1.2 which began investing with Madoff two decades ago.
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