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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.

Read the full statement from the Premier as it relates to the legislative progress of a UK Parliamentary Bill, the Sanctions and Anti-Money Laundering Bill.

Coverdale Trust Services Limited recently announced the appointment of Ronald Schmalcel as General Manager as of 3rd April, 2018.

The Code of Conduct Group within the European Union’s ECOFIN Council, responsible for EU economic and taxation policy, has created a list (or “blacklist” as it has become known) of non-cooperative jurisdictions for tax purposes.