The British Virgin Islands (BVI) government has scrapped plans to implement a fully public register of beneficial ownership.
All of the Overseas Territories (OTs) and Crown Dependencies had previously committed to the implementation of publicly accessible registers of beneficial ownership (PARBOs) on the basis of European Union (EU) member states' implementation of the EU Fifth Anti-Money Laundering Directive.
However, the BVI government said the decision late last ...
Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@eprivateclient.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAMeprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.
Read more
