Banking | KPMG | GLOBAL

Banking

Banking

The Banking practice combines industry knowledge, tax, regulatory and program management skills to deliver successful transformation programs.

The Banking practice combines industry knowledge, tax, and other skills

The Banking industry is currently going through significant change. Though most of this change is driven based on international pressures, the effects are impacting Banks within the British Virgin Islands and across the Caribbean. Various acts and directives within the US and the EU have led to complex regulation and legislation facing a lot of banks across the region.

As a financial services jurisdiction, the British Virgin Islands attracts the world's leading accounting and legal firms, and the fiduciary industry remains a cornerstone of the British Virgin Islands’ success. 

Currently, there are just under 250 banks and trust companies in the British Virgin Islands.  

Our experience 

We provide a range of services from conducting annual financial statement audits, to impact assessment studies of new US tax legislation, to the implementation of processes to meet the new Regulatory Code standards that become effective in the British Virgin Islands on February 1, 2010. 

Our services 

A global network can advise you on your operational and strategic business challenges and opportunities. We offer professional services in audit, tax and advisory to clients of all sizes, at local, national and global levels, from the largest global banks to small regional savings and loan businesses. With a wealth of industry experience and specialist knowledge, our local banking professionals can help you address your business needs.

Key Contacts

BVI Financial Services Commission

For more information about the British Virgin Islands as an international Financial Centre visit the FSC website.

 
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