BVI Appoints Withers to Challenge UK on Public Registers

The BVI government has not been keeping up to date with the implementation of public registers and is appointing Withers law firm to appeal the UK legislation Sanctions and Anti-Money Laundering Act, whereby under section 51, the UK government are obliged to impose publicly accessible registers of beneficial ownership on their British Overseas Territories, of which BVI is one of them.

The BVI President released a statement condemning the legislation on grounds that it challenges constitutional and human rights issues. He firmly holds that the BVI will not introduce public registers until they become a global standard.