Harneys Partner Appointed To Bvi Joint Anti-Money Laundering And Terrorist Advisory Committee


Offshore law firm Harneys is pleased to announce that Philip Graham, head of its BVI investment funds and regulatory team, has been appointed member of the BVI Joint Anti-money Laundering and Terrorist Advisory Committee (JALTFAC).

The committee advises the BVI Financial Services Commission (FSC) on initiatives designed to detect and prevent money laundering and terrorist financing activities. It comprises 15 members from the public and private sector who are recognised for their knowledge and experience in anti-money laundering and countering the financing of terrorism.

Philip commented: “I am pleased to be appointed to this important committee. The prevention, detection and reporting of suspected money laundering activities is vital to the long-term health of our jurisdiction’s financial services sector. Developing and promoting our already-sophisticated regulations and practices is as important as ever, especially in today’s environment of heightened transparency.”

Philip was recommended as a committee member by the BVI Attorney General and the Managing Director of the Financial Services Commission. He is also Chairman of the BVI Investment Funds Association and has served on the FSC’s Focus Group on the Alternative Investment Fund Managers Directive (AIFMD). At Harneys, Phil specialises in funds formation and restructuring. In his free time, Phil writes for The Offshore Funds Blog, a Harneys blog dedicated to demystifying how offshore funds work and why investment managers use them.