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News

April 5th, 2016
Premier Smith 'out of touch' with reality' – Hon Julian Fraser RA

ROAD TOWN, Tortola, VI -  Reacting to the news of the Mossack Fonseca leak of information regarding the global financial services industry yesterday April 4, 2016, Leader of the Opposition Honourable Julian Fraser RA said Premier Dr The Honourable D. Orlando Smith seems to be out of touch with the reality of the situation.

April 2nd, 2016
Financial Services Sector rocked by decline & Black Listing- SFC Report

ROAD TOWN, Tortola, VI- Critics of the ruling National Democratic Party (NDP) Administration continue to preach that the Administration is not good at handling regional and international matters, in particular the Financial Services Sector.

March 22nd, 2016
Premier Smith baffled VI on money laundering list

ROAD TOWN, Tortola, VI – Premier and Minister of Finance Dr The Honourable D. Orlando Smith said the Virgin Islands adheres to all of the required international regulations and conventions and therefore it is baffling why the territory continues to feature in the US State Department's International Narcotic Control Strategy Report.

February 29th, 2016
'It seems the UK wants to undermine our financial services' – John I. Cline

ROAD TOWN, Tortola, VI – Bishop of the New Life Baptist Church John I. Cline has posed the question whether the United Kingdom Government is intentionally trying to undermine the Virgin Islands' financial services sector for their own benefit.

January 27th, 2016
'Whose interest are we serving with Legal Prof. Act amendments?' – Hon Julian Fraser RA

ROAD TOWN, Tortola, VI – Leader of the Opposition Honourable Julian Fraser RA (R3) has questioned the Government as to whose interest is being served by the amendments to the Legal Profession Act after the legislation had been agreed upon just about one year ago.

January 26th, 2016
Hons Fraser, Fahie slam Govt for rushing legislation through HOA

ROAD TOWN, Tortola, VI – First District Representative Honourable Andrew A. Fahie warned the National Democratic Party (NDP) Government against making the rushing of legislation through the House of Assembly the norm rather than the exception.

January 14th, 2016
‘New air access will attract more financial services to VI’ – Julien N. Johnson

ROAD TOWN, Tortola, VI – Executive Director of BVI Finance Julien N. Johnson has described as critical the reality of direct air access to and from the Virgin Islands from Miami, Florida, USA, calling the development a welcomed one for the financial services sector whose personnel need such direct access.

January 1st, 2016
2016 is here! The good, the bad & the ugly of last year

ROAD TOWN, Tortola, VI- The Virgin Islands, like other parts of the world, brought in the New Year 2016 with drinking, parties, eating and of course most attended church.

December 23rd, 2015
'We know who beneficially owns VI companies’ – Premier Smith

ROAD TOWN, Tortola, VI – Premier and Minister of Finance Dr The Honourable D. Orlando Smith announced in the House of Assembly on Monday December 21, 2015 during the Fifth Sitting of the First Session of the Third House of Assembly that the territory was successful in gaining recognition for its “largely compliant rating” by the Organisation for Economic Cooperation and Development (OECD), which said that the territory should not be labelled as a tax haven.

December 22nd, 2015
‘France has lifted its blacklist on VI’ – Premier Smith

ROAD TOWN, Tortola, VI – Premier Dr The Honourable D. Orlando Smith last night December 21, 2015 claimed that the blacklist imposed by France in 2013 on the Virgin Islands' financial services sector has been lifted.

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