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 …
July 24, 2020
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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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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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 …
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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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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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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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 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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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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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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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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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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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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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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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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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 …
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