News
Take it back! ‘We will not accept that rule’ - Hon Mark H. Vanterpool
ROAD TOWN, Tortola, VI – As the territory prepares for the most significant march in years, today May 24, 2018, Honourable Mark H. Vanterpool (R4), Minister for Communications and Works, along with Honourable Delores Christopher, Deputy Speaker and Fifth District Representative and Honourable Alvera Maduro-Caines (R6), came together for one last rally to convince the people in their district why they should take part in the march.
PHOTO of the Day: Hons D. Orlando Smith & Andrew A. Fahie hard @ work
LONDON, England, UK- They left the Virgin Islands on Monday May 14, 2018 to fight the ‘mother country’, the United Kingdom, over its House of Commons Bill passed on May 1, 2018 to make public beneficial ownership of offshore accounts.
Appleby drops Paradise Papers lawsuit against BBC & Guardian
ROAD TOWN, Tortola, VI- The controversial ‘Paradise Papers’, which came to light in November 2017, little more than a year after the 'Panama Papers' leak, had seen Appleby file a lawsuit against United Kingdom media outlets the BBC and the Guardian.
‘UK vote on public registry was unjustified & discriminatory’- Premier Smith
ROAD TOWN, Tortola, VI- He was late in coming out, when compared to the other British Overseas Territories; however, Premier and Minister of Finance Dr The Hon D. Orlando Smith (AL) came out swinging against the United Kingdom (UK) vote on making information on who owns offshore accounts public.
'We must not panic'- Dr Natalio D. Wheatley
ROAD TOWN, Tortola, VI- Ahead of a march planned for May 24, 2018 to demonstrate the Territory’s displeasure with attempts by the United Kingdom to derail the Virgin Islands’ legitimate financial services sector, a number of persons from the sector as well as business persons will be engaged in a public discussion at The Moorings Conference Room, Wickham’s Cay II, today, May 10, 2018 to brainstorm the way forward for the industry.
'We are not panicking in the industry'– Ayana S. Hull
ROAD TOWN, Tortola, VI- In response to the recent decision in The United Kingdom’s (UK) House of Commons to make public the register of Beneficial Owners for companies in their Overseas Territories (OTs), a group of residents has formed a committee and, with government’s and other stakeholders' participation, are planning a public demonstration in the form of a march.
They who do no evil should fear no evil – If only this was true
Alred C. Frett
The Wicked flee when no one pursues:
My last Article was a teachable moment for Ms Jane and Mr What – This Article returns to our Bi-monthly Schedule at a time when the prospect of natural and man-made disasters rest heavy on our minds… The Hurricane Season is barely a month away, Government has not started their own recovery and the state of our Economy appears to be under direct threat from inside and outside.
Gov Jaspert reiterates support for VI’s Financial Services
ROAD TOWN, Tortola, VI- “I recognise that this is disappointing. As I have made clear previously, I believe that the BVI is a well-regulated jurisdiction with an effective register of beneficial ownership (BOSSs) that is accessible by law enforcement. Since 2013, BVI has made it clear that the jurisdiction is committed to implementing public registers when they become the global standard.”
Taking away financial services a ‘human rights’ issue- Premier Smith
ROAD TOWN, Tortola, VI- “Here we are as a Territory, we had one of the most severe natural disasters in a hundred years in the Caribbean and the BVI took the brunt of it. We had three things; flooding, plus Hurricanes Irma and Maria, which, left the Territory devastated. I think it was against human rights provisions to be able to now go and say we are going to take away the other part of your economy.”
Economic vision, post public register of beneficial ownership
Dickson Igwe
OK, a very savvy mind, who over the decades has been a major player in the Virgin Islands offshore finance industry, told this writer that he was not overly concerned about the UK government’s decision to impose a public register of beneficial ownership on offshore companies of overseas territories of Great Britain. He stated over lunch, that the industry had already factored in the decision into its working culture.
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