These two articles gives some more background about the BVI and it's relationship with the EU and Great Britain in general. The long and short of it is that the EU is fed up with the BVI and its tax haven status, and are pressing to make it clean up it's act. So with the Premier getting busted, the EU, the COI, general fiscal shenanigans/malfeasance, somethings gotta give.

First article: https://www.theguardian.com/world/2...-as-outgoing-governor-decries-corruption

Second article: https://www.theguardian.com/world/2...sh-virgin-islands-to-tax-haven-blacklist