... Recently, it was announced that the **British Virgin Islands (BVI)** and the **Cayman Islands**, two of the British Overseas Territories, are making preparations regarding the **launch of legal challenges to the UK government’s plans to enforce public registers listing details of beneficial ownerships of companies registered in the jurisdictions**. Both, the BVI and the Cayman Islands, hav...

...an important argument, since to this day poverty is a major reason why a lot of people have limited to no access to medical care and education. The approach to solving this issue should be extremely flexible. **Removing financial secrecy through public registers can heavily affect the economy of the Overseas Territories** and generally affect the standard of living of their residents. Havi...

...wners of registered companies. It holds details of approximately 600,000 owners who have direct or indirect control over companies in the British Virgin Islands. The Prime Minister of the BVI, Andrew Fahie, stated that the BVI will not introduce public registers of company beneficial ownership until it is a global standard. **In May 2018, the UK Parliament passed a law according to which Ov...