The Government of the British Virgin Islands has reiterated its commitment to working toward establishing a publicly accessible register on the beneficial ownership of companies.
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The British Virgin Islands financial services promotional agency BVI Finance has held educational sessions on the new draft Economic Substance Code in the BVI, London, and Hong Kong.
Lowtax.net News: Cayman Considering Legal Challenge To UK Beneficial Ownership Law

Cayman Premier Alden McLaughlin met with lawyers in London on Monday to discuss the territory’s constitutional relationship with the UK in light of UK legislation forcing the territory to set up a publicly accessible register on the beneficial ownership of legal entities.
Lowtax.net News: BVI Planning Challenge To UK’s Beneficial Ownership Law

The Premier of the British Virgin Islands, Orlando Smith, says his Government has appointed legal counsel to advise on a potential challenge to the UK’s move to force its Overseas Territories to set up publicly accessible registers containing information on the beneficial ownership of legal entities.
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The UK’s 14 Overseas Territories must bring in publicly accessible registers concerning the beneficial ownership of legal entities or face having them imposed by the UK, following Royal Assent to the UK Sanctions and Anti-Money Laundering Act 2018 on May 23, 2018.