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Finance and Business
'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.
Trade Dept eyes sister islands for stepped up inspection; Comply or else!
ROAD TOWN, Tortola, VI - Businesses and other vendors doing illegal business on the sister islands of Virgin Gorda, Jost van Dyke and Anegada are to get in line or face the wrath of the relevant authorities.
'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.”
Pasty C. Lake Out! Lesmore Smith In! as new Horse Owners' President
SEA COWS BAY, Tortola, VI- The BVI Horse Owner’s Association, the body that organises and runs all horse races at the famous Ellis Thomas Downs on Tortola, has new leadership.
UK vote for public registry ‘racist & economic terrorism’- John I. Cline
ROAD TOWN, Tortola, VI- The Chairman of the BVI Christian Council and Bishop of New Life Baptist Church in Duff’s Bottom, John I. Cline, has labeled the vote by the United Kingdom’s House of Commons to allow for public registry of who owns and will benefit from offshore accounts in its Caribbean Overseas Territories as “racist and economic terrorism.”
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.”
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.
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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