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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.

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.