All News

Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, OBE, announced the leading counsel chosen to advise the BVI Government following the passage of the Sanctions and Anti-Money Laundering Act and the threat to impose publicly accessible registers of beneficial ownership on British Overseas Territories by the UK.

BVI Finance today confirmed that the fundamentals for the BVI’s financial services industry remain sound despite the UK Parliament today approving a law which threatens to use an Order in Council unilaterally to impose publicly accessible registers of company beneficial ownership onto the Overseas Territories, if they do not introduce them voluntarily, by 31 December 2020.

The international business and financial centre of the British Virgin Islands (BVI) has demonstrated its ability to overcome adversity and return to business as usual, after posting robust new company incorporation growth mere months after it was hit by a category five hurricane last September.

The BVI Association of Compliance Officers announces its chosen charity for 2018, as well as the recipient of the Harriet Skelton Compliance Scholarship.

Following the decision by the UK’s House of Commons to force the Overseas Territories to adopt public registers of beneficial ownership of companies, the Premier of the British Virgin Islands responded swiftly to reassure the financial sector and those who use its services around the world.

In an interview on the BBC’s flagship radio programme, Today, Lorna Smith OBE, Executive Director of BVI Finance, argued that proposals to force the British Virgin Islands to create a public register of beneficial ownership are undemocratic and undermine the people of the BVI.