Virgin Islands Publishes Risk Assessment of Legal Persons and Legal Arrangements

The Government of the Virgin Islands has published its inaugural National Money Laundering, Terrorist Financing and Proliferation Financing Risk Assessment of Legal Persons and Legal Arrangements, reaffirming the Territory’s commitment to global standards on transparency, beneficial ownership, and the prevention of financial crime. The risk assessment—mandated under the revised Financial Action Task Force (FATF) Recommendations … Continued

PREMIER OPPOSES IMPOSED REGISTERS, DEFENDS BVI AUTONOMY

Premier and Minister of Finance, Dr. the Hon. Natalio Wheatley, has strongly opposed calls by UK Parliamentarians to impose public registers of beneficial ownership on the British Virgin Islands through an Order in Council. Speaking on the matter at a recent press conference, Premier Wheatley reaffirmed the importance of the BVI’s financial services sector, which … Continued

USVI GOVERNOR LACKS AUTHORITY TO IMPOSE 25% TARIFF ON BVI – LEGAL OPINION CONFIRMS

As the United States Virgin Islands (USVI) Legislature prepares for an emergency meeting today to discuss Governor Albert Bryan Jr.’s proposal to impose a 25% tariff on imports from the British Virgin Islands (BVI), a legal opinion issued on Tuesday has confirmed that the governor does not have the authority to enforce such a measure. … Continued

TURNBULL ISSUES PUBLIC APOLOGY TO MINISTER DE CASTRO

Representative for the Second District, Hon. Melvin Mitch Turnbull, has publicly apologized to the Minister of Education, Youth Affairs and Sports, Hon. Sharie De Castro, for remarks made toward her during a recess period of the February 11 House of Assembly sitting. During the House of Assembly session on Monday, February 24, Turnbull rose on … Continued

ALLIANCE DISMISSES NOTION THAT OTHER MEMBERS WERE NOT INVITED

In a recent interview on JTV’s Big Story with Cathy Richards, Opposition members who recently formed an alliance addressed a number of matters being shared in the public since their announcement. The members Hon. Myron V. Walwyn, Representative for the 6th District, Hon. Melvin Turnbull 2nd District Representative and At-Large Member Hon. Stacy Mather defended … Continued

ALTHEA SCATLIFFE PRIMARY SCHOOL REDEVELOPMENT DELAYED

The redevelopment of the Althea Scatliffe Primary School has encountered delays, and a start date for the construction phase remains undetermined, according to Minister for Education, Youth Affairs, and Sports, Hon. Sharie De Castro. Speaking during a recent House of Assembly session, Minister De Castro responded to a question posed by Deputy Speaker and Territorial … Continued

BVI ENGAGES IN TALKS WITH USVI OVER PROPOSED 25% TARIFF

The Government of the Virgin Islands has begun discussions with the United States Virgin Islands (USVI) administration regarding the proposed 25% tariff on goods imported from the BVI. In a statement addressing the issue, Acting Premier and Minister for Communication and Works, Hon. Kye Rymer, assured residents that constructive dialogue has commenced with USVI Governor … Continued