Premier Smith defiant; ‘No public registry for VI until global standards’
The last straw was yesterday Monday, May 21, 2018, when the House of Lords let stand an amendment made by the House of Commons to the Sanctions and Anti-Money Laundering Bill demanding that only Overseas Territories located in the Caribbean have registers of beneficial ownership.
We will not comply- Dr Smith
No one else in the world or countries in the offshore sector not even the UK or their Dependencies of Guernsey, Jersey, and the Isle of Man have to comply with such rules.
In response to the decision, yesterday by the House of Lords Premier and Minister of Finance Dr the Honourable D. Orlando Smith (AL) issued a fiery statement. He made clear the VI will not comply with the Bill because “they are not required by any global standard, and we will continue to defend our right not to have a public register until such time that they do become a global standard”.
The Premier in his strongest language yet stated, “Our view on public registers of beneficial ownership has not changed".
Meanwhile, it remains unclear what was accomplished by Premier Smith and Opposition Leader Hon Andrew A. Fahie (R1) who journeyed together to London last week to fight the amendment to the Bill.
"God will do the rest"-Hon Fahie
In a brief statement on social media, Hon Fahie who is also the Chairman of the main Opposition Virgin Islands Party added, “the Premier and I with God’s help, have done our part. God will do the rest".
Hon Fahie, a former Minister for Education and Culture, who could be the next Premier also further stated that “The Premier and I have made our position clear and both agreed that this is a constitutional overreach. We stand united on protecting the constitutional rights of the Virgin Islands".
16 Responses to “Premier Smith defiant; ‘No public registry for VI until global standards’”
1 sport fishing
2 medical marijuana
3 gambling internet included
4 regular fishing industry
5 recooperative medical facilities on outer islands for rich
6 corporate fatigue outer island for people to recover from job stress
7 reboot our agriculture
8 using festival grounds east end and Road Town every weekend with vendors instead of every festival only
9 district specific tourism products , each area is unique and should promote their own tourism product
10 buying shares in regional tourism.
11 regional collective cruise ship tourism
12 VI lottery
Now Jake, what are your ideas if all else fails? Then we can put you on display as what not to be...which is negative.
Listen to your point so some common ground can be reached. They have families to feed and so do we.
Few of us already know what is going on with that NWO by 2050.