As part of the ongoing UK-OT Illicit Finance Dialogue, The British Virgin Islands (BVI), The Cayman Islands and Turks and Caicos have agreed to set up illicit finance units.

Areas of focus for the multi-jurisdictional working group, which the BVI has co-chaired with the UK over the last year, have included sanctions, law enforcement collaboration, beneficial ownership and international regulations on illicit finance. 

Sanctions units will now be established in the...