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article under the tag
public registers

March 25, 2022

UK overseas territory minister visits VI

Amanda Milling, the United Kingdom minister responsible for the overseas territories, visited the Virgin Islands this week to discuss topics including Russia sanctions, other diplomatic affairs and public company registers. …

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by Dana Kampa
January 9, 2021

US companies required to disclose owners

The United States Congress followed the lead of the United Kingdom, the European Union and other countries last month in taking aim at anonymous companies used to enable tax abuse, …

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by CLAIRE SHEFCHIK
December 17, 2020

UK publishes draft order for public registers

The Virgin Islands government has “significant reservations” about a draft order in council on public registers of beneficial ownership, according to Premier Andrew Fahie. The draft, which was published on …

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by CLAIRE SHEFCHIK
December 17, 2020

BVIF praises paper on public registers

BVI Finance has praised a British think tank’s new paper about public registers of beneficial ownership, a topic which has put the Virgin Islands and other overseas territories at odds …

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by CLAIRE SHEFCHIK
October 14, 2020

BVI Finance responds to FinCEN leaks

Due to the territory’s Beneficial Ownership Secure Search system, the Virgin Islands is better prepared than most other jurisdictions to respond to the types of suspicious activity reports leaked in …

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by CLAIRE SHEFCHIK
October 7, 2020

CARTOON (Oct. 1, 2020)

by BVI Beacon
Cartoon (Oct. 1, 2020)
September 25, 2020

Premier softens position on public registers

Premier Andrew Fahie appears to have softened his government’s stance on the United Kingdom’s push for the overseas territories to enact public registers of beneficial owner- ship by 2023. For …

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by CLAIRE SHEFCHIK
July 24, 2020

UK singles out VI over company registers

The United Kingdom government singled out the Virgin Islands last week as the sole holdout among the inhabited UK overseas territories and Crown dependencies that has not committed to introducing …

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by CLAIRE SHEFCHIK
November 4, 2019

US moves toward registers of beneficial ownership

Echoing a push in the United Kingdom and its territories toward greater corporate transparency, the United States House of Representatives last week passed a bipartisan bill requiring companies to disclose …

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by CLAIRE SHEFCHIK
July 4, 2019

BOSSS system praised by United Kingdom, United States

Both United Kingdom and United States law enforcement agencies have praised the overseas territories’ systems for exchanging beneficial ownership information, with UK Home Secretary Sajid Javid calling them “extremely useful” …

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by CLAIRE SHEFCHIK
The Home Office praised the VI's BOSSS system.
July 3, 2019

Dependencies promise public registers

Facing increasing pressure from members of the United Kingdom Parliament, the Crown dependencies of Jersey, Guernsey and the Isle of Man jointly announced last week what they called “a series …

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by CLAIRE SHEFCHIK
January 25, 2019

Public registers requirement will wait until 2023

The Virgin Islands and other British overseas territories learned recently that they will not be required to implement fully functioning public registers of beneficial ownership until 2023 — a reprieve …

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by CLAIRE SHEFCHIK
December 13, 2018

Amid Brexit turmoil, UK reassures overseas territories

Brexit was at the top of the agenda when Premier Dr. Orlando Smith and other overseas territory leaders met with United Kingdom officials during the 20th Joint Ministerial Council last …

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by Amanda Ulrich
November 5, 2018

United Kingdom to update ‘offshore compliance strategy’

United Kingdom Chancellor Philip Hammond delivered the UK’s autumn budget to Parliament last week, touching on several points designed to further regulate offshore finance. One of the budget’s initiatives is …

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by Conor King Devitt
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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by Conor King Devitt
July 13, 2018

CARICOM backs OTs in public registers spat

More than a dozen Caribbean leaders, including Premier Dr. Orlando Smith, gathered in Montego Bay, Jamaica last week for the 39th Caribbean Community heads of government meeting. During the three-day …

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by Amanda Ulrich
July 12, 2018

United Kingdom responds to Decision March petition

Lord Tariq Ahmad, the United Kingdom minister for the Commonwealth and United Nations, wrote to the “Decision March” organisers last week to express his sympathy for their concerns about public …

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by Conor King Devitt
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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by Conor King Devitt
June 14, 2018

Pickering heads to UK for Brexit Joint Ministerial Council

Deputy Premier Dr. Kedrick Pickering departed the territory on Sunday to serve in Premier Dr. Orlando Smith’s stead during the Joint Ministerial Council meetings in the United Kingdom, according to …

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by Conor King Devitt
June 8, 2018

VI government hires lawyers to mull registers challenge

The Virgin Islands government has contracted legal counsel to advise on a potential challenge to the United Kingdom Parliament’s recent public registers decision, according to Premier Dr. Orlando Smith. A …

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by Conor King Devitt
May 25, 2018

1,000-plus protest UK public registers decision

More than 1,000 people marched from the Sunday Morning Well to the Governor’s Office on Thursday to protest the recent passage of a bill in the United Kingdom requiring the …

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by Conor King Devitt
May 24, 2018

Public registers bill receives royal assent

The United Kingdom bill that will force the overseas territories to implement public company registers became law when it received a royal assent on Wednesday afternoon. The amendment requires the …

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by Conor King Devitt
May 18, 2018

Premier: No public register here until it’s a global standard

This is the third story in a series on the public company registers amendment passed in the House of Commons on May 1. The first piece looked at the background behind …

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by Conor King Devitt
May 10, 2018

Company numbers climb despite Irma, though industry future remains uncertain

Recently released Financial Services Commission statistics revealed that the last three months of 2017 saw a strong upward tick in the territory’s incorporation numbers despite the September devastation caused by …

Continue reading “Company numbers climb despite Irma, though industry future remains uncertain”

by Conor King Devitt

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