News
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.
Gov’t $240M in debt; @ brink of borrowing capacity- Claude O. Skelton-Cline
ROAD TOWN, Tortola, VI- It was on the Tuesday May 1, 2018 edition of the Honestly Speaking show, aired on ZBVI 780 AM, that the Leader of the Opposition and First District Representative Honourable Andrew A. Fahie and commentator Claude O. Skelton-Cline shared with listeners their views on the financial position of the Virgin Islands (VI).
HoA adjourned abruptly; Next meeting date unknown
ROAD TOWN, Tortola, VI- Opposition Members will have to wait a while longer to have their questions answered, as the House of Assembly (HoA) was abruptly adjourned yesterday, Tuesday May 1, 2018.
Julian Willock supports Lorna G. Smith’s interview; Rejects comparison
ROAD TOWN, Tortola, VI- Political aspirant, businessman and former Permanent Secretary Mr Julian Willock has come to the defense of the Territory’s First Lady and Interim Director of BVI Finance, Mrs Lorna G. Smith OBE.
‘Establishing additional economic pillars now critical’- Hon Fahie
ROAD TOWN, Tortola, VI- There is no surprise that the Territory is on high alert after the United Kingdom (UK) Government on Tuesday May 1, 2018 agreed in the House of Commons to support a bill to make public the beneficial owners of companies in their Overseas Territories (OTs).
Messages of love & anti-racism to Sister ‘Jane’ & Brother ‘What’
Alred C. Frett
This is no Secret so you are allowed to spread it:
Sincere thanks to VINO, BVI News and CBN Radio for carrying my ‘Truth for the Youth’ Messages and extra special thanks for those choosing to listen, read, learn and respond to the Information… Typical Blog Responders are invisible Persons with fake identities, loud opinions and a deep fear of being recognised so I avoid responding to them unless it can be used as a ‘teachable moment’.
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.
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.
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