BVI And UK Co-operate To Fight Cross Border Financial Crime
by Jason Gorringe, Lowtax.net, London
03 March, 2016
The BVI and the UK have held discussions on how the respective law enforcement agencies of both countries can provide an effective beneficial ownership regime.
Strengthening cooperation to tackle cross-border financial crime in both jurisdictions was also discussed.
The discussions, which followed up on meetings in London in December of 2015, were attended by senior representatives from the UK Foreign and Commonwealth Office, the National Crime Agency (NCA), and the UK Serious Fraud Office (SFO).
The BVI delegation comprised the Premier and representatives from the Ministry of Finance, the Attorney General's Chambers, the Financial Investigation Agency, the Financial Services Commission, and the International Tax Authority.
The Governor of the BVI, who was present at the meetings, commented: "The discussions have been very useful providing both sides the opportunity to learn and understand each other's regime on international cooperation and, in particular, to map out relevant policy issues that would strengthen further bilateral cooperation between the UK and the BVI, especially as it relates to the subject of beneficial ownership."
The BVI has said that it will continue to keep stakeholders and the pubic updated on material issues relating to and affecting the financial services industry.
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