GOVERNMENT DEFENDS BENEFICIAL OWNERSHIP REFORMS AS FAIR, CRITICS WARN OF TRANSPARENCY RISKS
The Government of the Virgin Islands has introduced a revised Beneficial Ownership policy that limits access to company ownership records to parties who can demonstrate a legitimate interest. These parties typically include agencies or individuals involved in anti-money laundering, counter-terrorism, or national security investigations. Premier Dr. Natalio Wheatley first outlined the changes in his May … Continued
