BRITISH VIRGIN ISLANDS MOVESAWAY FROM PUBLIC BO REGISTER – WITH UK GOVERNMENT BLESSING
February 18th, 2024
The British Virgin Islands (BVI), an autonomous UK overseas territory with a major company formation and offshore banking sector, has abandoned past commitments to create a public beneficial ownership (BO) register. Its government has said it will instead seek to ensure any new publicly accessible register of beneficial ownership (PARBO) will operate in line with the November 2022 European Court of Justice (ECJ) ruling that said: "The general public’s access to information on beneficial ownership constitutes a serious interference with the fundamental ...
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