A national risk assessment (NRA) published by the British Virgin Islands (BVI) has reaffirmed the jurisdiction''s commitment to global standards on transparency, beneficial ownership and the prevention of financial crime. The NRA will inform the BVI''s next phase of policy reform and international cooperation initiatives.

The BVI Ministry of Finance report was necessary under the Financial Action Task Force''s (FATF’s) revised Recommendations 24 and 25 regarding misuse of companies, trusts and limited partnerships. It was one of the ''priority actions'' set in FATF''s mutual evaluation report of the BVI published in February 2024.