News
Governor dodges protest; meets with organising committee
ROAD TOWN, Tortola, VI- The United Kingdom appointed Governor, Augustus J. U. Jaspert will not be in the Territory on the day of the public demonstration, Thursday, May 24, 2018, where residents have come together to fight the Bill by the UK House of Commons to make beneficial owners public.
‘I am opposed to having a demonstration’ – Doug Wheatley
ROAD TOWN, Tortola, VI – “I am opposed to the idea of having a demonstration and a march at this point. I don’t think it is necessary for us to do that because we don’t have the information,” were the words of Doug Wheatley on the radio programme 'Speak out BVI' on ZBVI 780 AM on May 15, 2018.
Unity? Premier Smith & Opposition Leader Fahie head to UK
ROAD TOWN, Tortola, VI- Both the Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL) and Opposition Leader Honourable Andrew A. Fahie (R1) have announced they will be travelling together to attend a series of meetings in London, the capital of the United Kingdom (UK).
'Back off UK!'- VI residents drumming up support for public demonstration
ROAD TOWN, Tortola, VI – In what is considered a most controversial amendment and one that forces the Virgin Islands (VI) to implement a public register that reveals the names of its beneficial owners of offshore companies registered in the British Overseas Territories, Premier and Minister of Finance, Dr The Honourable D. Orlando Smith (AL), strongly stated that his government will not comply with the amendment to the Sanctions and Anti-Money Laundering Bill until it becomes a “global standard."
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.
‘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).
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.
UK Lords voted against public register; Small victory for VI’s offshore sector
PARLIAMENT SQUARE, London, UK- The United Kingdom (UK) upper chambers, the House of Lords, voted down a proposal on January 24, 2018 for the Virgin Islands (VI) and other Overseas Territories (OTs) to implement a public register that would reveal the names of beneficial owners of financial offshore companies registered in the Territory.
Public registers mean kissing FS goodbye – Concerned Citizen
SEA COWS BAY, Tortola, VI – The state of the Financial Services and the recent statements about same by the United Kingdom (UK) Prime Minister David Cameron was seen through the eyes of a ‘grass-roots’ citizen while at the community meeting held at the Valerie O. Thomas Community Centre in Sea Cows Bay on May 30, 2013.
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