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Public Registers: Premier Fahie warns Territory of worrying development

Days after taking Office, Premier and Minister of Finance, Honourable Andrew A. Fahie (R1), has been met with an international conundrum regarding the decision by the United Kingdom (UK) to have the Virgin Islands (VI) implement Pubic Registers of Beneficial Ownership. Photo: VINO/File
Some UK Parliament, House of Commons members are now pushing amendments to the Order, to have the implementation date be reverted to December 2020. Photo: Internet Source
Some UK Parliament, House of Commons members are now pushing amendments to the Order, to have the implementation date be reverted to December 2020. Photo: Internet Source
ROAD TOWN, Tortola, VI – Days after taking Office, Premier and Minister of Finance, Honourable Andrew A. Fahie (R1), has been met with an international conundrum regarding the decision by the United Kingdom (UK) to have the Virgin Islands (VI) implement Pubic Registers of Beneficial Ownership.

Recently extended to December 2023, for implementation, Hon Fahie has now warned that some UK Parliament, House of Commons members are now pushing amendments to the Order, to have the implementation date be reverted to December 2020.

Hon Fahie in an address to the VI and its residents on Friday March 1, 2019, said, ”it is important at this time to bring to the attention of the people of the VI a new development in the UK Parliament that took place earlier today that is of great importance to the Territory.”

Misinformed

The debate on the amendments and likely vote—to bring forward the implementation date for Public Registers to December 2020—will be had on Monday, March 4, 2019.

The Premier was adamant the amendments to bring forward the implementation deadline is being sponsored and promulgated by “those who are misinformed about the BVI and to date do not appreciate our role in international business and the world economy.”

He was adamant the actions being taken by some members of the UK Parliament is “yet another attempt from within the UK Parliament to force the UK government, to impose its will on the Overseas Territories.”

According to Premier Fahie, the VI Government has already begun liaising with the UK Government and other OTs and Crown Dependencies , “who the amendments will also affect.”

He disclosed that, “they too are concerned as we are about what is happening and are considering what measures to take.”

Reach Out

He said too, the VI Government has also been reaching out to members of the UK Parliament who continue to support the VI, “so that they can encourage their colleagues in the House of Commons to not support the amendments …we are doing everything in our power to affect the outcome of Monday’s debate and vote in the UK Parliament so that the rights of our children and future generations will be secured and our economy protected.”

10 Responses to “Public Registers: Premier Fahie warns Territory of worrying development”

  • Hodges (02/03/2019, 10:26) Like (37) Dislike (0) Reply
    Stay on the Grind. Keep the public informed at all times.
  • Jimmy smith (02/03/2019, 10:32) Like (9) Dislike (12) Reply
    Yes premier we doing everything in our power, please be a little more specific, what exactly are we doing
    • @ Jummy Smith (02/03/2019, 11:33) Like (27) Dislike (4) Reply
      I love this the man, he is communicating with we the people. Under Mr. ZZZZZZZ it was top secret always
    • hold up (02/03/2019, 13:38) Like (25) Dislike (0) Reply
      Give the man a chance to properly examine everything. Yes.he is premier but I.dount he's.sat at his desk properly as yet. If you was just elected, would you be able to make a major decision like this at this time and give the people full details. There...you got your answer. Let's me reasonable
  • tola (02/03/2019, 12:18) Like (8) Dislike (11) Reply
    Jimmy Smith, just shut up..
  • Don.q (03/03/2019, 02:06) Like (9) Dislike (1) Reply
    Now this is the goverment in the sunshine
  • time (03/03/2019, 14:04) Like (5) Dislike (0) Reply
    Time too for us to develop tourism better than we have been. Ports and airports to be on the ball. BVIAA a big problem


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