Advisory Warning 1 of 2020 - Pyramid Schemes

October 2019, securities regulators on six continents will promote investor education and protection through World Investor Week, an initiative of the International Organization of Securities Commissions (IOSCO). World Investor Week is a global campaign to raise awareness about the importance of investor education and protection, and to highlight the investor education and protection initiatives of securities regulators.

Virtual and digital currencies/assets are gaining popularity. However, it should be underscored that consumers need to assess the risks associated with holding and/or investing in virtual or digital assets prior to investing in these assets. In particular, consumers should be aware that providers of virtual or digital assets are mostly unregulated. Regional and global regulators emphasize that consumers should know the potential risks of buying or investing in virtual currencies and assets.

[Read the rest of this article...]

We interviewed the BVI Bank Association following Hurricane Irma to get answers to your questions about BVI banking services, moratoriums, insurance c...

[Read the rest of this article...]

Insurance can make you whole after a disaster. That is, if you are adequately insured. Now is the time to assess your insurance coverage to ...

[Read the rest of this article...]

There may be a better insurance option for you that you may never know about without taking some time to shop around. Check out what providers in the ...

[Read the rest of this article...]

Need answers to insurance, banking or other money questions? Email us at info@moneymattersbvi.org to have them answered in our Ask Money Matters BVI c...

[Read the rest of this article...]

Need answers to insurance, banking or other money questions? Email us at info@moneymattersbvi.org to have them answered in our Ask Money Matters BVI c...

[Read the rest of this article...]

Need answers to your insurance, banking or other money question? Email us at info@moneymattersbvi.org to have them answered in our Ask Money Matters B...

[Read the rest of this article...]

Are you unhappy with the settlement offer given to you by your insurer? Do you know that you have the right to negotiate? Here are 10 tips to assist y...

[Read the rest of this article...]

This month, Money Matters BVI is working to raise awareness of the Foreign Account Tax Compliance Act (“FATCA”), particularly for BVI ci...

[Read the rest of this article...]

Though not a "love at first sight" type of experience for most, falling in love with your budget (when you do) is life changing.  Creating a ...

[Read the rest of this article...]

With January in the rear view, you may have fallen off of your New Year’s resolutions by now. To be honest, however, that is not necessarily a b...

[Read the rest of this article...]

Here we are at the end of our 12 Week Check-Up Series! For those of you who have followed diligently over the past few weeks, we hope that you have ...

[Read the rest of this article...]

This week we are focusing on estate planning – specifically, creating a will. In the BVI, many persons die intestate (i.e. without a will), l...

[Read the rest of this article...]

Last week, we encouraged you to examine your retirement plans. You should have done some research on your expected Social Security and pension benef...

[Read the rest of this article...]

In weeks 7 and 8, we examined your risk management strategies: having an emergency fund that prepares you for the unexpected and making sure you are...

[Read the rest of this article...]

Last week we examined one risk management strategy. We focused on the need to prepare for the unexpected by creating and/or building an emergency fund...

[Read the rest of this article...]

Believe it or not, we have completed half of our 12 Week Check-Up series. So far, we’ve looked at the importance of knowing the money coming in...

[Read the rest of this article...]

In week 5, we encouraged you to make saving easy by setting up direct deposits to your savings account. The next step in the 12 Week Check-Up is to r...

[Read the rest of this article...]

Last week, we recommended that you take a look at your day to day spending habits, determine what you will do with the extra money and do some resea...

[Read the rest of this article...]

In week 3, you told your money where you wanted it to go – you created a budget. At the end of each month, you will need to review your budget a...

[Read the rest of this article...]

In week 2, we urged you to turn your resolutions which are usually general in nature into SMART goals by making them Specific, Measureable, Attainable...

[Read the rest of this article...]

Last week we emphasised how important it is to know how much money is coming in and how much money is going out of your household. We also shared some...

[Read the rest of this article...]

Do you take as much care of your financial well-being as you do your physical health? When was the last time you had a financial check-up? Think abo...

[Read the rest of this article...]

Hope to save money this year? Here are sixteen tips that can help: 

[Read the rest of this article...]

The first few days after Christmas can be a very stressful time for people who have overspent and created a financial mess for themselves. If you&rs...

[Read the rest of this article...]

The 2015 Hurricane Season is under way. It is always better to   “prepare and prevent than repair and repent”. ...

[Read the rest of this article...]

Get-rich-quick scams, such as ponzi schemes, pyramid schemes and affinity fraud are designed to separate you from your money. Make sure you know how t...

[Read the rest of this article...]

Another type of fraud common to the BVI is affinity fraud. Affinity fraud is a type of investment scam that preys on members of identifiable groups, s...

[Read the rest of this article...]

As the name indicates, a pyramid scheme is structured like a pyramid. Promoters at the top of the pyramid make their money by having people join the s...

[Read the rest of this article...]

As the BVI Financial Investigation Agency points out, it is important to always remain skeptical about offers that seem too good to be true. Ponzi sch...

[Read the rest of this article...]

Press Release Money Matters BVI To Launch 2nd National Financial Literacy Survey in April 2015 Thursday, 5th March, 2015 – Tortola, British Vi...

[Read the rest of this article...]

Not surprisingly, money is one of the top reasons why couples fight. Whether because of differing money personalities or another concern, healthy coup...

[Read the rest of this article...]

Whether you have vowed to save more, pay off your debt or spend less, you have probably made your financial resolutions for 2015. Unfortunately the od...

[Read the rest of this article...]

Crazy to think that Christmas has come and gone. Even crazier to start thinking about next Christmas when this Christmas has barely passed. Even ...

[Read the rest of this article...]

You’ve missed the Black Friday and Cyber Monday sales. Christmas is a few days away and you still haven’t purchased any gifts. Now what? ...

[Read the rest of this article...]

Back to School Check List Click Here to Download Pdf!

  Use Back-To-School Shopping to Teach Children Money Lessons It is almost time for children in the Virgin Islands to head back to school. Wh...

[Read the rest of this article...]

Saving for a rainy day is about expecting the unexpected. Rainy days (e.g. job loss, medical expenses, home repairs) can occur at any time. With an em...

[Read the rest of this article...]

Why Start a Rainy Day Fund Today Excerpt taken from 2012 article How having a rainy day fund can help get you through life’s crises Into E...

[Read the rest of this article...]

Press Release: Money Matters BVI and the Department of Disaster Management Launch Awareness Campaign Ahead of Hurricane Season ...

[Read the rest of this article...]

Make Your Money Work for You - Invest Let’s be honest. For many of you, the thought of investing can be daunting, especially if you don&rsquo...

[Read the rest of this article...]

Captive insurance is the practice of forming an insurance company to insure the risks of its parent. Simply put, a captive insurance company (&ldquo...

[Read the rest of this article...]

INSURANCE IN THE BVI By Simon Owen, Managing Director, Hyperion Risk Solutions Limited The idea of arranging insurance to protect against possi...

[Read the rest of this article...]

What happens if you lose or damage things you own: your car, home and belongings? What if you need medical treatment? The one thing you can expect fr...

[Read the rest of this article...]

Who will you trust with the fruits of your hard work and success? Or with your possessions? Why not consider putting your trust in a trust? A trust...

[Read the rest of this article...]

The Other $ide of Love When you fall in love, the last thing you want to think about is how long the relationship will last.  The reality is...

[Read the rest of this article...]

    As 2012 comes to an end, we at Money Matters BVI trust that you have achieved financial fitness – or if you haven’t, that...

[Read the rest of this article...]

Last month, in our quest to help you along your financial journey for 2012, we highlighted the importance of spending on what you need. Today, we focu...

[Read the rest of this article...]

   At the start of year we shared with you the following 12 resolutions to help you become financially fit for 2012 1.   Keep ...

[Read the rest of this article...]

  On August 1st, 1834 the Emancipation Proclamation was enacted, signalling our freedom from physical slavery. As we prepare to celebrate, let u...

[Read the rest of this article...]

Save Money by Planning Now for Back to School The 2011/2012 school year is over for primary and secondary schools as well as colleges and univers...

[Read the rest of this article...]

Preparing for hurricanes Q: The hurricane season is upon us again. How can my business prepare? A: You will need to have two plans in place: a d...

[Read the rest of this article...]

BVI has the highest score in positive financial behaviours when compared to other countries, according to an international financial literacy survey.&...

[Read the rest of this article...]

1. Keep a budget Budgeting is simply a plan for how you intend to spend and save your money.  Knowing how much money you earn and spend each mon...

[Read the rest of this article...]

The BVI Financial Services Commission (FSC) has launched a new website to provide guidance to people about money matters and help them make sound pers...

[Read the rest of this article...]

The high increase in the price of gasoline is the largest contributor to the rise in the BVI’s growing inflation rate, according to the August C...

[Read the rest of this article...]

The results of the first national Financial Literacy Survey released by the BVI Financial Services Commission raise concerns about how people in the B...

[Read the rest of this article...]