Friday, February 7, 2025

THE UK MUST NOW TAKE OFF THE GLOVES AND IMPOSE AN ORDER IN COUNCIL UPON THE THE ROGUE BVI, FOR ITS REPEATED REFUSAL TO DISCLOSE BENEFICIAL OWNERSHIP

If you are like me, when you see a British Virgin Islands-registered company, you immediately, and correctly, assume the worst: money laundering, tax evasion at home, fraud, or even possible terrorist financing. That's because of the damn stubborn insistence of BVI authorities to open their corporation database to public inquiry. All the possible scenarios, ostensibly compromises, that the BVI has offered the UK on BOI allow bad actors to escape identification, move their illicit assets, or otherwise evade justice and accountability. This must stop, forthwith.

I personally regard the place as a Den of Legal Vipers, having flown into Road Town many times in my misspent youth to pick up multiple SHELF COMPANIES on the fly, for my narco-clients. It must now be the subject of an ORDER IN COUNCIL, which for the non-lawyers is an effective Royal statutory instrument, rarely used against British Overseas Territories, but sorely needed here, to clean up this legal obscenity which has facilitated financial crime for far too long.

There's a reason Mossack & Fonseca preferred BVI companies to their own Panamanian: total and absolute opacity. This needs to end, right now. The question is whether the British Government has the intestinal fortitude to issue one. I have my doubts, ladies & gentlemen; prove me wrong.

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