In spite of the devastation and aftermath of Hurricane Irma and Maria the British Virgin Islands Association of Compliance Officers (ACO) is pleased that it continued providing support, guidance and training to Compliance Officers, Money Laundering Reporting Officers and other professionals in the Territory.
During its first meeting of 2018 members of the ACO had a chance to meet and greet fellow members, share Irma stories, discussed the resilience of the financial services sector, and how quickly compliance professionals were back at their desks promoting a culture of compliance within the jurisdiction. Despite their personal challenges resulting from two category 5 hurricanes, members of the ACO remained resolute in their duty to contribute to the reputation of the British Virgin Islands as a highly attractive and well-regulated international financial centre where all clients are identified and verified.
Members unanimously agreed that the ACO should help with community regrowth, and more specifically persons in the community that were significantly impacted by the hurricanes. To that end the ACO is pleased to announce that the chosen charity for 2018 is the Family Support Network (FSN). The ACO was pleased to make a monetary donation to the FSN to aid their efforts to assist the community. Additionally, individual members of the ACO and a number of companies contributed money, food and other supplies to the ACO for onward donation to the FSN. The donation was made to Mrs. Judith Charles, President of the FSN, at a small ceremony held at Ogier’s conference room. The ACO would like to thank its members and companies, including Ogier, Coverdale and Sterling Group for contributing to this worthy cause.