On April 20, 2016 the Government of the British Virgin Islands (BVI) published the Exchange of Notes and Technical Protocols agreed with the United Kingdom (UK) Government relating to beneficial ownership of companies, which were signed by both Governments on April 8, 2016.
Under the agreement the BVI and the UK have mutually recognised the need to share beneficial ownership information for preventing and detecting illegal activity in both jurisdictions as well as the importance of sharing the information expeditiously. Both countries have also committed to ensuring the information is adequate, accurate and current and that it will be held securely; as well as sharing the information in a timely (and in urgent cases within an hour) fashion.
Click here to be forwarded to the Exchange of Notes between the Government of the United Kingdom and the Government of the Virgin Islands in respect of the sharing of beneficial ownership information and accompanying Technical Notes as available on the website of the Government of the British Virgin Islands.
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