BVI's government commits to 'publicly accessible registers'

The British Virgin Islands government has officially announced its commitment to the implementation of public registers of beneficial ownership in the territory, despite "reservations". Premier Andrew Fahie said: "Your government commits to working in collaboration with Her Majesty's Government towards a publicly accessible register of beneficial ownership for companies, in line with international standards and best practices as they develop globally and, at least, as implemented by EU Member States by 2023 in furtherance of the EU Fifth Anti-Money Laundering Directive (AMLD5)." "It ...