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News

May 1st, 2018
UK Parliament agrees to Public Register for OTS

LONDON, United Kingdom- In what has been termed by some as “kicking a man while he is down”, the House of Commons has made a potentially lethal blow to the Financial Services Industry of the Overseas Territories (OTs), including the hurricane ravaged Virgin Islands, by siding with a bill brought by the United Kingdom (UK) backbench to force overseas territories to put in place public registers of beneficial ownership.

April 30th, 2018
‘Pray that God stay the hands of those voting’ on Public Register- Bishop Cline

ROAD TOWN, Tortola, VI- Cognisant of the significant adverse effect public registers revealing the names of beneficial owners of financial offshore companies could have on the Territory’s financial services industry, President of the BVI Christian Council Bishop John I. Cline has called on the churches to pray that a vote in the House of Commons on Tuesday May 1, 2018 will be in favour of the Virgin Islands and other Overseas Territories (OTs).

April 27th, 2018
They are back! UK’s House of Commons to vote on Public Register for OTs

LONDON, United Kingdom- When the United Kingdom (UK) Upper Chamber, House of Lords, voted down the proposal for Overseas Territories (OTs) to make public registers revealing the names of beneficial owners of financial offshore companies on January 24, 2018, it was known that the next step would be to take the proposal to the House of Commons.

November 15th, 2017
New UK Police & Crime Bill could affect VI Offshore Financial Sector

ROAD TOWN, Tortola, VI- While the Virgin Islands might be preoccupied with the rebuilding efforts after two powerful Category 5 hurricanes, Irma and Maria, destroyed the Territory, a new Bill seems to have slipped the eye of local government.

September 12th, 2013
David Cameron confirms the BVI Is not a tax haven

ROAD TOWN, Tortola, VI- The [British] Virgin Islands (BVI) welcomes David Cameron’s statement to the House of Commons in which he commended the Overseas Territories and Crown Dependencies for the actions taken to ensure the highest standards of tax transparency and that it is no longer fair to refer to the BVI, and its peers, as ‘tax havens’.

March 22nd, 2013
Both NDP & VIP are corrupt – Donald de Castro

ROAD TOWN, Tortola, VI – “They are diplomats, they aren't going to say anything to a civilian against the government of the day.” This is according to well known public activist Donald E. de Castro who recently penned a letter to the House of Commons sharing his opinion as it relates to the Tortola Pier Park Development Project.

January 3rd, 2013
Donald de Castro asks UK to stop pier project

ROAD TOWN, Tortola, VI – Public activist Donald E. de Castro has dispatched a letter to the House of Commons calling the Tortola Pier Park Development project tender ‘a scam and sham as it did not give time for anyone to submit an alternative proposal to one that was already approved.’

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