The arrest of British Virgin Islands Premier Andrew Fahie on U.S. drug trafficking and money laundering charges in Miami last month amounts to more than just a temporary, albeit significant, source of embarrassment for the overseas territory. News of the U.S. Drug Enforcement Administration's six-month undercover investigation has also thrown a wrench into the government's preparations for a global assessment of the BVI's defenses against illicit finance, an effort that Fahie, who also heads the Caribbean archipelago's Finance Ministry, has led since last year. The Financial Action Task Force will publish the results of the evaluation next year, and a...
The U.S. Justice Department filed a criminal complaint charging the premier of the British Virgin Islands with cocaine trafficking and money laundering.
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