Topic: Financial Services, International Affairs (including the British Virgin Islands International Finance Centre) | Posted By: aphillip
Monday, 30 April 2018 - 5:08pm
Good Afternoon Ladies and Gentlemen:
On Thursday in the House of Assembly, I made a statement about the legislative progress of a United Kingdom Parliamentary Bill, the Sanctions and Anti-Money Laundering Bill and its impact on the BVI. The Report Stage and final stages of this bill are scheduled to be debated in the House of Commons tomorrow, Tuesday.
Madam Speaker, I wish to make a statement about an issue which has arisen in the UK Parliament. This relates to the legislative progress of a UK Parliamentary Bill, the Sanctions and Anti-Money Laundering Bill.
It is no secret that in 2017 the BVI experienced a cascading of catastrophic natural events, all in the space of about six weeks, giving its people, its socio-economic and physical infrastructure little to no time for recovery between these events.