Activists and politicians tout beneficial registries as a solution to the perceived abuse of anonymous company ownership. Stephen Baker and Charlie Sorensen of Baker & Partners contend that kleptocratic dictators and sophisticated fraudsters won’t be impeded by such registries. The authors explain how existing civil laws have proven effective in seizing ill-gotten gains. Recent high-profile […]

The BVI FSC has issued a press release with regard to Compliance Period Extended under Schedule in AML Regulations, 2008 – Guidance Notes: Read more here: http://bit.ly/1XxadAj

Three men were convicted in December, 2014 as part of the Serious Fraud Office’s investigation into Sustainable Growth Group (‘SGG’) including its subsidiary companies Sustainable AgroEnergy plc (‘SAE’) and Sustainable Wealth (UK) Investments Ltd (‘SWI’). The Three men [listed below] Were convicted of conspiracy to commit fraud, conspiracy to furnish false information, fraudulent trading and […]

The British Virgin Islands has introduced amendments to its anti-money laundering regime in order to ensure continued compliance with the developing international standards on transparency and anti-money laundering regimes. Amendments to the legislation were recently published (i.e., the Anti-money Laundering and Terrorist Financing (Amendment) Code of Practice and the Anti-money Laundering (Amendment) Regulations) and the […]