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A March? Gov’t expected to support demonstration over UK Public Registry law
ROAD TOWN, Tortola, VI - It was on Tuesday, May 1, 2018, that the United Kingdom's House of Commons passed an amendment to the Sanctions and Anti-Money Laundering Bill to demand the Overseas Territories in the Caribbean have a public registry to show who owns offshore accounts and who benefits from them.
‘This is a deeply flawed policy'- Premier Smith on Public Registers for OTs
ROAD TOWN, Tortola, VI - “I learnt that the United Kingdom Parliament accepted the amendments for an Order in Council to impose public registers of beneficial ownership on the BVI and other Overseas Territories (OTs) to take effect in 2020. This is a deeply flawed policy as the BVI already provides verified beneficial ownership information to the United Kingdom and other law enforcement authorities.”
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