Legislation aimed at fighting money crime was dropped from the House of Assembly’s agenda at the last minute without explanation on Tuesday. The Beneficial Ownership Secure Search System (Amendment) Act …
June 27, 2024
May 7, 2021
Irma survivors still living in VG centre
Construction is under way at some of the territory’s hurricane-damaged community centres, with an eye toward reviving activities that can take place as the world recovers from the pandemic, Health …
February 10, 2021
January 9, 2021
Brexit trade deal brings changes to all overseas territories
Last Thursday marked the end of 2020, but also the last day of the “transition period” to the start of the United Kingdom’s exit from the European Union. As a …
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May 26, 2020
New EU rules to combat money laundering
In response to outcry from several countries, the European Commission published a new anti-money-laundering action plan this month and added 12 more countries to its AML blacklist. The addition of …
February 12, 2019
Commentary — VI lawyer blasts EU threats
The European Union’s blacklisting threat against smaller territories is undemocratic and brutal. It also reveals a fundamental misunderstanding of what Virgin Islands companies do. Repetition is to be avoided in …
January 17, 2019
Dutch blacklist was a surprise, Premier says
As the Virgin Islands awaits a decision from European Union officials regarding the territory’s potential inclusion on an international anti-tax-avoidance blacklist, one country on that continent has already decided to …
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January 11, 2019
Questions surround ‘economic substance’ legislation
The Virgin Islands’ new “economic substance” law took effect on New Year’s Day, but financial services stakeholders remain uncertain about its specific requirements and what impact those rules will have …
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November 25, 2018
Government, European Union in talks over looming blacklist
Government officials have devised what they believe is a solution to the looming European Union blacklist threat, according to Neil Smith, the executive director of government’s Office of International Business …
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October 4, 2018
Government hires UK lawyer in attempt to avoid EU blacklist
The government is paying a tax lawyer in London up to $400,000 to try to derive a legislative solution that will keep the territory off the European Union’s tax-avoidance blacklist …
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September 12, 2018
Virgin Islands economy takes new shapes after Irma
This article originally appeared in the Beacon’s Sept. 6 “Irma Anniversary” edition. Like many people throughout the Virgin Islands, Courdney Williams has a very different daily routine than he did 12 months …
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July 16, 2018
United Kingdom rolls out “soft” Brexit negotiating stance
The rollout of United Kingdom Prime Minister Theresa May’s “soft” Brexit plan earlier this month spurred multiple resignations throughout her government, including Foreign Secretary Boris Johnson. Mr. Johnson, who visited …
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June 22, 2018
Territories to retain EU benefits through 2020, UK says
United Kingdom officials assured overseas territories delegations last week that their European Union privileges would remain in place throughout the 21-month transition period after Brexit begins on March 29, 2019, …
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