The UK Foreign Office is sending anti-corruption champion Margaret Hodge to the British Virgin Islands to address compliance issues with new corporate ownership registers. Several British overseas territories failed to meet deadlines for implementing these measures designed to combat financial crime. While territories like Anguilla and Bermuda are close to compliance, BVI's progress has been slow. This comes in light of the BVI's involvement in international investigations related to financial wrongdoing, prompting demands for quicker transparency efforts from the Foreign Office.
The Foreign Office will dispatch the UK's anti-corruption champion, Margaret Hodge, to the British Virgin Islands to investigate delays in anti-financial crime proposals.
Several British overseas territories, including the BVIs, missed deadlines to implement corporate ownership registers aimed at increasing transparency and fighting financial crime.
The Foreign Office's Stephen Doughty has expressed impatience with the BVI's slow progress and emphasized the need for 'rapid, consistent progress across the board.'
Margaret Hodge, appointed as the UK's anti-corruption champion, is recognized for her efforts in combating illicit finance and advocating transparency in offshore havens.
Collection
[
|
...
]