Ambassador Wheatley blasts PM May
The strong language came during a meeting held where the Head of the BVI London Office, Wheatley and other Overseas Territories (OTs) Representatives met with Sir John Randall, Special Advisor on Environment to UK Prime Minister Rt Hon Theresa May.
Ambassador Wheatley who is the Territory’s representative in London and the European Union warned the British that “decision to seek to force public registers of beneficial ownership on the BVI before it is a global standard will negatively impact the jurisdiction’s financial services sector that accounts for more than 60 percent of government revenue which is critical to the islands’ recovery from Hurricanes Irma and Maria and Government’s efforts to build resiliency to stronger storms and greater rainfall caused by climate change”, according to statements from the BVI London House.
Money for Dominica zero for OTs
In his strongest language yet the VI man in London Mr Wheatley also reminded Downing Street that “the UK Government provided Dominica with £14 million for climate resilience after Hurricane Maria and that no financial support of this type was given to the BVI as a British Overseas Territory".
According to the press statement issued yesterday Monday, May 28, 2018, the outgoing Ambassador also expressed concerns about the UK Parliament legislating for the Overseas Territories in areas where powers have been devolved to the Territory's government and where there is no international legal obligation upon the UK to intervene in the territories to dispense its sovereign obligations.
"Keep out of VI business where you have no power" - E. Benito Wheatley
The UK decision to impose public registers on OTs is a departure from this policy as the OT Financial Centres have actually demonstrated excellence in meeting international standards on beneficial ownership set by the Financial Action Task Force (FATF). This sets a precedent for the UK to legislate for the OTs in other areas devolved to the Territory governments where nothing has been done wrong, Wheatley argued.
The Sanctions and Anti-Money Laundering Act 2018 received Royal Assent on 24th May 2018 by Her Majesty the Queen which contains the provision that the Overseas Territories must adopt public registers of beneficial ownership by 31st December 2020.
16 Responses to “Ambassador Wheatley blasts PM May”
Go back to the news, of course UK gave NDP government a grant or gift of 11 or 12 million before the loan guarantee of 300 million.
No surprise if it cannot be accounted for by the NDP government, but let us go back down memory lane, indeed BVI got a grant and don't spread fake report the UK gave Dominica and not BVI
If they did not give BVI I wonder why?????? Is it a vote of "No confidence and No trusting the bVI Government???" Anyway this is not the case because BVI did get a grant outside of the loan agreement.
Somebody, please confirm, verify, corroborate, concur. Please set the records straight.