Virgin Islands heading for intense financial scrutiny, experts predict

But even if the House of Assembly meets those deadlines, the Virgin Islands may not be headed for smooth sailing, according to Tom Keatinge, director of the Royal United Services Institute’s Centre for Financial Crime and Security Studies. “Any positive legislative reform is of course welcome but is almost certainly too late to stave off grey-listing,” Mr. Keatinge said. “There is an almost certain inevitability to the grey-listing. The die was cast over the past two to three years. Of course, any reforms enacted in the coming months that contribute to remediation will be important steps on the financial integrity journey ahead for the BVI.”