The British Virgin Islands (BVI) was unanimously elected as one of the Vice Chairs of the Caribbean Development Cooperation Committee (CDCC), a permanent subsidiary body for of the United Nations’ (UN) Economic Commission for Latin America and the Caribbean (ECLAC).
The Financial Services Implementation Unit (FSIU) commends the firm, Mourant Ozannes for its recent announcement of a Legal Scholarship Programme which will benefit BVIslanders.
Topic: Financial Services, The Public Service | Posted By: kduncan
Wednesday, 20 April 2016 - 6:30pm
The British Virgin Islands (BVI) has today published the Exchange of Notes and Technical Protocols agreed with the United Kingdom (UK) Government relating to beneficial ownership of companies.
Madam Speaker, I have just updated this Honourable House with where we are in strengthening our Financial Services structure. Now I would like to put things into a different perspective focusing more on the value of the BVI to the global economy.
Madam Speaker we are all aware that BVI is home to a Financial Services Industry that is of global pre-eminence. The core of this industry is our company incorporation business which is revered the world over as it is used to facilitate a myriad of international business transactions.
The British Virgin Islands Financial Services Commission (FSC) is fully aware of and concerned by the issues that have surfaced by the International Consortium of Investigative Journalists’ (ICIJ) recent investigative reporting and the compliance implications for BVI licensees.
As you are aware, the start of this week has been quite interesting and challenging for our financial services sector, an industry that we have long been fighting hard to defend due to report raises by the International Consortium of Investigative Journalists (ICIJ) of the Panama Paper, particularly regarding alleged abuse or misuse of BVI structures.
The Government of the British Virgin Islands is very concerned by the issues that the International Consortium of Investigative Journalists (ICIJ) report raises, particularly regarding alleged abuse or misuse of BVI structures.
