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CARICOM Heads discuss UK ‘public registers’ decision

The constitutional relationship of the Overseas Territories and the United Kingdom (UK) was addressed by the Leaders of the Caribbean Community (CARICOM), during its last Heads of Government Conference, held in neighbouring Jamaica, from July 3 to 7, 2018. Photo: CARICOM
Premier, Dr the Honourable D. Orlando Smith (AL). Photo: VINO/File
Premier, Dr the Honourable D. Orlando Smith (AL). Photo: VINO/File
ROAD TOWN, Tortola, VI – The constitutional relationship of the Overseas Territories and the United Kingdom (UK) was addressed by the Leaders of the Caribbean Community (CARICOM), during its last Heads of Government Conference, held in neighbouring Jamaica, from July 3 to 7, 2018.

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.

4 Responses to “CARICOM Heads discuss UK ‘public registers’ decision”

  • ... (13/07/2018, 10:40) Like (0) Dislike (2) Reply
    more talk show than action
  • justa soul (13/07/2018, 20:45) Like (0) Dislike (1) Reply
    so now you're all concerned? what about when I experienced this crap in the BVI as just an average depositor
    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!!!!!!!
  • Government Boots (14/07/2018, 05:35) Like (1) Dislike (0) Reply
    Chill Heritage you are getting bent out of shape for something that is so simple. Check yourself and refocus...don't let them play you out like that,
  • watcher (15/07/2018, 07:32) Like (0) Dislike (0) Reply
    1 women among all the men


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