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Press Release From Independent Source

Premier & Leader of the Opposition unite to make case for the VI

Premier and Minister of Finance, Dr the Honourable D. Orlando Smith, OBE, and the Leader of the Opposition, Honourable Andrew A. Fahie (R1), has called on the United Kingdom (UK) Government and Parliament to respect the Virgin Islands Constitution ahead of the House of Lords consideration of the Sanctions and Anti-Money Laundering Bill on May 21, 2018 and its provisions on public central registers of beneficial ownership in the Overseas Territories. Photo: GIS
LONDON, England - The Premier of the [British] Virgin Islands, Dr the Honourable D. Orlando Smith, OBE, and the Leader of the Opposition, Honourable Andrew Fahie, has called on the United Kingdom (UK) Government and Parliament to respect the Virgin Islands Constitution ahead of the House of Lords consideration of the Sanctions and Anti-Money Laundering Bill on May 21, 2018 and its provisions on public central registers of beneficial ownership in the Overseas Territories.

In a series of meetings in London this week, the BVI delegation led by Premier Smith reiterated to UK parliamentarians and UK Ministers and officials that the UK Parliament's unilateral imposition of a public register on the British Virgin Islands is not consistent with the constitutional arrangements between the VI and the UK.

They also restated that the BVI will continue to meet the current global standard on beneficial ownership that does not require public registers and to maintain effective exchange of beneficial ownership information with UK law enforcement and those of other jurisdictions.

Commenting, Premier Smith said: “Honourable Fahie and I have had a full and frank exchange of views with senior members of the House of Lords and other persons and are gratified for the support we have received. There is currently no global standard on public registers of company beneficial ownership and, until there is, we will not implement one.

“However, be in no doubt, that if the UK Parliament proceeds with seeking to impose public registers on the British Virgin Islands that this could fundamentally alter our relationship with the UK and we will take all necessary steps to protect our constitutional rights.”

Honourable Andrew Fahie said, “The Premier and I have made our position clear and both agree that this is constitutional overreach. We stand united on protecting the constitutional rights of the British Virgin Islands.”

In the likely event that the Sanctions and Anti-Money Laundering Bill passes in its current form, the VI Government will continue its fight against what it sees as a constitutional overreach.

5 Responses to “Premier & Leader of the Opposition unite to make case for the VI”

  • okay (18/05/2018, 16:36) Like (4) Dislike (0) Reply
    I appreciate their efforts
  • United! (18/05/2018, 16:40) Like (7) Dislike (3) Reply
    We Stand! And March we will, on the 24th of May, sending the Message clear and far. Thanks to you'll both for your efforts thus far.
  • voter (18/05/2018, 17:29) Like (8) Dislike (1) Reply
    Cant wait until the roles are reverse where fahie is the premier
  • resident (18/05/2018, 18:07) Like (6) Dislike (1) Reply
    Tell them, fill them in on the reality here. The results in the real world of all these ridiculous demands for
    information and disrespect of privacy and decency. Give the examples put forth to you, tell the Queen if you
    can. The US and UK have initiated a lot of mob hysteria against the BVI and hurt real people. Caused all
    kinds of things. TELL THEM WHAT THEY HAVE CAUSED.
  • petition (19/05/2018, 17:35) Like (5) Dislike (1) Reply
    Where is the petition for the public to sign? This should be distributed in advance so everyone gets a chance to sign.


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