CARICOM Heads discuss UK ‘public registers’ decision
This is according to Premier, Dr the Honourable D. Orlando Smith (AL) in an update to the Territory following his return.
“Heads of Government noted with great concern the amendment approved by the UK House of Commons to the Sanctions and Anti-Money Laundering Bill requiring the UK Government to ensure that the British Overseas Territories, but not the Crown Dependencies, establish public registers of beneficial ownership information by no later than 31 December 2020,” he said.
Dr Smith has since reported, “…members expressed their solidarity with the territories adversely affected by this unilateral action to legislate in areas of domestic policy—constitutionally devolved to the territories—without the consent and involvement of their people.”
CARICOM
He said, it was noted at the meeting that the action ran counter to an alternate arrangement to public registers earlier negotiated and agreed with the UK government and put in place at great cost to the Overseas Territories.
“In fact, Heads of Government viewed this action as similar to the unilateral and punitive extra-territorial measures such as blacklisting and de-risking taken against their own countries’ financial services sector, also a critical aspect of their economies, despite their best efforts at transparency and compliance.”
CARICOM is a 15 member grouping, with five Associate Members. The British Virgin Islands is an associate member.
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4 Responses to “CARICOM Heads discuss UK ‘public registers’ decision”
in an international bank here who then demanded ridiculous info about me? I filed with BVI Financial Services
who did nothing and didn't even contact me or put anything in writing. I met Orlando Smith who promised to
take care of it, and didn't. I was blocked from seeing the previous Governor Duncan and current, Jaspert, refuses
to say anything - all to protect anyone demanding private and unneeded information about a pissant checking
account of an American who moved to the BVI. NOW, after all that evasion, BVI government and Caricom is all
upset about Englands recent demands. After crapping on me to protect (Canadian bank and managers) from
any consequences. Now with a new US president, you may not like the more serious consequences for pissing on
an innocent person to 'impress' the US and UK about 'preventing money laundering.' Hope the nukes are dropped.
Up yours!!!!!!!