The House of Lords earlier today debated the validity of a House of Commons amendment to require public central registers of beneficial ownership in the Overseas Territories (OT) during their Consideration of Commons Amendments to the Sanctions and Anti-Money Laundering Bill.
The Premier of the British Virgin Islands (BVI), Dr. the Honourable D. Orlando Smith, OBE, and the Leader of the Opposition, Honourable Andrew Fahie, have called on the United Kingdom (UK) Government and Parliament to respect the Virgin Islands Constitution ahead of the House of Lords consideration of the Sanctions and Anti-Money Laundering Bill on May 21 and its provisions on public central registers of beneficial ownership in the Overseas Territories.
The public is reminded to nominate local businesses for the BVI Business Resilience Award. Only businesses that continued to provide products and services to the people of the Virgin Islands, especially in the face of adversity post hurricanes Irma and Maria will be eligible for this award.
Topic: Financial Services, International Affairs (including the British Virgin Islands International Finance Centre) | Posted By: aphillip
Thursday, 10 May 2018 - 5:15pm
It is now just over a week since the UK Parliament accepted an amendment to impose public registers of beneficial ownership on the Virgin Islands and other Overseas Territories. My Government continues to consider this a top priority for the Territory and to actively evaluate the implications of that decision and explore all available options.
Topic: Disaster Recovery, International Affairs (including the British Virgin Islands International Finance Centre) | Posted By: aphillip
Wednesday, 9 May 2018 - 5:11pm
The British Virgin Islands has been re-elected as Vice Chair of the Economic Commission for Latin America and the Caribbean’s (ECLAC) Caribbean Development Cooperation Committee (CDCC), which serves as permanent subsidiary body of the United Nations (UN) for the Caribbean.
Who says you can’t take sand to the beach? The 2018 Miami Open, embraced the BVI Tourist Board when they took the territory to Miami. A sequel to its first prominent participation last year, the BVI was the exclusive Caribbean destination sponsor at this prestigious event held in Key Biscayne, Florida which took place on March 19 – April 1. The BVI sponsored the daily weather forecast in Key Biscayne. Prior to each match, the weather forecast was posted on the Miami Open’s Instagram story. Additionally, patrons were able to sip the world’s famous BVI Painkiller while shaded under branded umbrellas with their toes in the warm sand at the BVI Beach Bar.
Topic: Financial Services, International Affairs (including the British Virgin Islands International Finance Centre) | Posted By: DSmith
Tuesday, 1 May 2018 - 6:25pm
I learnt today that the United Kingdom Parliament accepted the amendments for an Order in Council to impose public registers of beneficial ownership on the BVI and other Overseas Territories to take effect in 2020.