Premier breaks silence on bank breaches!
He was speaking today November 25, 2014 during a press conference in his office where he discussed a number of matters.
“Within the past few days the VISA debit cards issued by a couple of the banks in the BVI have been compromised. Our banking regulator the Financial Services Commission has moved swiftly to address this problem and of this date I can confirm that appropriate action has been taken to ensure that the requisite steps to safeguard the accounts…have been taken,” said the Premier.
He said that some customers in the VI have been affected but he said that as it appears the numbers seem to be quite low.
“I am also assured that the banks will take the actions necessary to ensure that the compromised accounts will be reinstated to their correct balances,” he said.
“Ladies and gentlemen the protection of the financial assets of the citizens of the society is of highest priority for this Government. Each and every person in the Territory who have accounts at the bank here must be assured that their deposits are secure,” he said.
He said that there is now draft legislation that seeks to protect accounts holders in the Virgin Islands which hopefully will come into force in 2015.
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