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  • Two Bids Submitted for West End Ferry Terminal Project || BVI Cricket Association Prepares to Launch Youth Coaching Program Following Safeguarding Training. ||. "Enough is enough," says Walwyn as Infrastructure Woes Persist. ||. Tourism Summit Opens on Peter Island, Focusing on the Future of the Virgin Islands’ Tourism Industry || Dr. Stephanie Vanterpool’s Documentary on Pain Treatment Premieres on PBS || 12 BVI Police Officers on Interdiction Amid Corruption Allegations, Some Arrested and Charged ||. 12% Crime Increase in Virgin Islands Attributed to Money Boys Gang. ||. USVI Resident Arrested in BVI for Possession of Ammunition. ||. RVIPF Investigates Multiple Overnight Shooting Incidents, Including Fatality in Purcell Estate || Young Man Fatally Shot in Purcell Community, First Murder of 2025 || The International Morning Braff Show Returns to the Airwaves || Caribbean Juniors Compete at British Junior Open Squash Tournament || ‘Fat Cat’ Shemoi Carey Apprehended for Attempted Murder; Police Seek K’Shawn Martin || Man Found Deceased in Abandoned Vehicle in Long Swamp || Police Investigate Gunfire at Hannah’s Estate, No Injuries Reported || Masked Gunmen Strike Twice in Cane Garden Bay || WhatsApp Scammers Target BVI Cancer Society in Deceptive Scheme || Three BVI Bars Rank Among Top 10 Caribbean Favorites, Callwood Rum Shines || British Virgin Islands Earns Coveted Spot on New York Times’ “52 Places to Go in 2025" || De Castro Supports Enhanced Policing with Caution Against Unchecked Powers || Police Officer Charged Over Internal Security Breach. ||. Virgin Gorda Police Apprehend Fugitive Linked to String of Burglaries and Robberies. ||. An Absolute Travesty: Sixth District Representative Condemns Police Amendment Bill Over Privacy Risks || Premier Calls for Swift Passage of Police Amendment Bill to Combat Money Laundering || Governor Albert Bryan Jr. || First Babies of 2025 Deliver on January 2 || Some Businesses Continue To Insist On Minimum Spending For Credit Card Payment || Vybz Kartel’s Return: Freedom Street Concert Marks Historic Comeback After 13 Years. ||. Mentoring Anointed Leaders Everywhere (MALE) BVI Movement Bolstered by $5,000 Drakes Traders Donation || ADVERTISEMENT: Need a banner in a hurry? Look no further than JAHPHIX DESIGNS. Our high-quality banners can be delivered to you in 24 hours or less. Tel: (284) 340-1995 or email us at mail@jahphix.com ||
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BVI confident it has met OECD requirements

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BVI Financial Services Commission headquarters in Road Town, Tortola

By MERRICK ANDREWS
Online News Editor


In light of the new legislative changes that came into effect on Jan. 1, 2023 relating to its financial services sector , the British Virgin Islands (BVI) government has requested a supplementary review be granted by the Organisation for Economic Co-operation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes that will more accurately reflect the BVI’s status.

“Following a supplementary review, the BVI is confident, that it has complied with the requirements that would get approval for a ‘largely compliant’ rating to be reinstated,” Premier and Minister of Finance, Premier Natalio Wheatley, told the House of Assembly sitting on Friday.

Starting off his presentation in the House, Premier Wheatley said the BVI has demonstrated its continued commitment to complying with evolving international standards on transparency and the fight against financial crime, with a set of new legislative changes that came into force on January 1, 2023.

He said these legislative updates, including amendments to the BVI Business Companies (Amendment) Act 2022, and BVI Business (Amendment) Regulations 2022, meet requirements set out by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes as part of its Peer Review Process.

He went on to explain that the OECD Peer Review assesses compliance with the international standard on transparency and exchange of information on request (EOIR) in addition to assessment of a jurisdiction’s legal and regulatory framework.

The OECD Peer Review on the BVI was launched in in December 2021 and covered a historic review spanning as far back as 2016 and ending in 2020 during the heart of the Covid-19 pandemic, Wheatley said.

He said having maintained a “largely compliant” rating since 2015, the BVI was moved to a “partially compliant” rating in November 2022 as the historic analysis focused on the review period and could not take into consideration important legislative developments in 2022 that would ensure the effective and efficient exchange of information.

He explained: “The OECD Peer Review rating is one of the criteria that determines the “EU List of Non-cooperative Jurisdictions for Tax Purposes” (EU List). The BVI is currently included on the EU’s state of play document known as “Annex II”, which includes jurisdictions that have committed to implementing reforms. Its purpose is to recognise ongoing constructive work in the field of taxation, and to encourage the positive approach taken by cooperative jurisdictions to implement tax good governance principles.

“The BVI has a long track record of adhering to international standards as set by the Organisation for Economic Co-operation and Development (OECD), EU and other recognised global standard-setting bodies.

“Therefore, Madam Speaker, we are hopeful that the legislative amendments that are now in force will mean the BVI is granted a supplementary review by the OECD Global Forum and will soon be reinstated to a ‘largely compliant rating’.

“In closing Madam Speaker, the BVI will remain a world-class international financial center committed to high international standards on transparency and regulation offering a premier business-friendly jurisdiction for international investment and trade and capital flows. I thank you, Madam Speaker,” Wheatley concluded.

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Opposition Leader Ronnie Skelton Slams Economic Stagnation and Infrastructure Failures

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The Virgin Islands economy is stagnating, plagued by crumbling infrastructure and a lack of strategic direction, according to Opposition Leader Ronnie Skelton. Speaking at the January 17 press conference, Skelton criticised the government’s heavy reliance on cruise tourism and called for urgent reforms to revitalise the economy and improve residents’ quality of life.

“The economy is stagnant,” Skelton declared. “One of the major things the government relies on now is cruise tourism. While it’s doing well for our taxi drivers, restaurants, and tour guides, the local economy desperately needs a shot in the arm.”

Skelton highlighted the dire state of the territory’s infrastructure, citing roads, water systems, electricity, and waste management as areas in critical need of attention. Despite the allocation of $100 million for road repairs, he noted little visible progress.

“We can all see the disrepair. The roads are crumbling, the water infrastructure is failing, and garbage and derelict vehicles are piling up. Yet, the government doesn’t seem to have the capacity to fix these issues,” Skelton said.

He urged the government to tap into the Opposition’s expertise to address these persistent challenges. “We are advocating that the government utilise the skill set of the Opposition to help get these things done in the best interest of our people and our country.”

While the government recently announced record-breaking tourism numbers, with over one million visitors surpassing pre-2016 levels, Skelton questioned the effectiveness of this growth in boosting the local economy. He pointed out that cruise tourism accounts for 70-75% of these figures, with only 300,000 overnight visitors.

“Overnight guests contribute significantly more direct revenue to the local economy than cruise tourists,” he explained. “The government must shift its focus to attracting more overnight guests and ensuring sustainable tourism development.”

Skelton also criticised the government’s handling of the Tourism Conference held on Peter Island from January 13 to 14, where industry leaders and stakeholders discussed the future of tourism. He expressed frustration that the Opposition was invited only at the last minute.

“As members of the Opposition, we were not invited until the last second, and by then, we already had prior commitments. That’s a mistake on the government’s part and a missed opportunity for collaboration,” he said.

Skelton concluded with a call for the government to prioritise infrastructure repairs and adopt a more inclusive approach to governance. He stressed the importance of diversifying economic strategies to ensure long-term sustainability.

“Our people deserve better,” Skelton stated. “The government must stop making excuses and start making real progress. This isn’t just about numbers; it’s about the lives and livelihoods of the people we serve.”

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“Enough is enough,” says Walwyn as Infrastructure Woes Persist

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District Six Representative Hon. Myron Walwyn has issued a powerful call to action, demanding that the government address the British Virgin Islands’ crumbling infrastructure and move beyond what he described as a “defensive posture.” Speaking passionately on behalf of frustrated residents, Walwyn criticised the government’s failure to provide a reliable water supply, address poorly maintained roads, and ensure cleanliness across the territory.

“I am tired, and I’m sure that people are as well, of the defensive posture of this government when this issue is raised,” Walwyn said. “The blaming of previous governments is not helpful, and it’s frankly a demonstration of immaturity, which has become a hallmark of this government.”

One of Walwyn’s primary concerns was the territory’s ongoing struggles with inconsistent access to potable water. He called for immediate investment in the Water and Sewerage Department, highlighting the dedication of workers who are hindered by inadequate resources.

“The workers in the department are doing their best, but they are not getting the support and the resources necessary to effectively discharge their duties,” he said.

Walwyn urged the government to prioritise resolving the water crisis, a challenge that has persisted for far too long.

Walwyn also condemned the state of the territory’s roadways, citing delays, poor planning, and a lack of transparency in infrastructure projects. He specifically referenced the road between Manchester and Belle Vue, which remains nearly impassable weeks after being dug up for pipe installation.

“The terrible road infrastructure in the territory continues to prevail,” he said. “I am yet to see the wisdom in digging up roads all over the territory all at once with insufficient action to follow to fix them. If the government has a plan to fix the road infrastructure, they are certainly doing a great job at hiding it.”

Despite assurances that resurfacing work would begin last Saturday, Walwyn noted that no progress has been made, nor has any reliable update been provided.

The representative also raised alarm about the impact of derelict vehicles and overgrown vegetation, particularly during the peak tourist season.

“We are in the heart of the tourist season, and we have not found a proper way to address these issues,” he said. “This lacklustre approach to the cleanliness of our country cannot be allowed to continue.”

Walwyn’s comments come as the government nears its sixth year in office, a milestone he argues should be marked by progress, not excuses.

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Anegada Being Treated as “Distant Cousins” of the BVI, Urges Government Action – Lorna Smith

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Territorial-At-Large Representative Lorna Smith, OBE, has issued a strong call for the government to address the long-standing neglect of Anegada, particularly regarding delays in land allocation, unpaid workers, and lack of economic support. Speaking at an opposition press conference on January 17, Smith criticised what she described as unfair treatment of Anegadians, urging immediate action to resolve these critical issues.

“While on Anegada, one of the things that concerns me deeply—and I believe it concerns all of us in the opposition—is that the land titles that were agreed to be given to Anegadians over a year ago are still not in their hands,” Smith stated. “What is even more annoying and concerning to Anegadians is that persons who are not from Anegada are able to carry on their developments ahead of Anegadians. I call on the government to fix these kinds of issues.”

Smith underscored the frustration among Anegadians over the delay, pointing out that their aspirations for land ownership have been stifled, despite assurances from the government. She criticised the disparity, noting that non-residents appear to face fewer hurdles in pursuing developments.

Adding to her concerns, Smith highlighted the plight of workers who played a pivotal role in advancing the work of the Anegada Lands Commission. “Last year, we approved supplementary provisions for the persons who had worked so hard on the Anegada Lands Commission, doing all the groundwork to bring between 60 to 90 land grants to approval. These people still have not been paid the monies owed to them,” she said.

Smith described Anegada’s treatment as unacceptable and akin to being “a distant cousin of the British Virgin Islands.” She called for the government to prioritise the island’s development. “I call on the government to bring Anegada to the centre, as I always say, and to give them the kind of attention that they need.”

Smith also touched on the exclusion of Anegadians from micro and small business grants. “There are a number of Anegadians who made applications for assistance under the micro and small business grants, and they were also left out of the fold,” she said.

She urged the government to rectify the situation, expressing hope for a resolution. “Having spoken to them, having spoken to the ministry and the Department of Trade, I hope they will receive the grants that they are eligible for this year.”

In her remarks, Smith expanded her criticism to include issues faced by other sister islands, such as Jost Van Dyke. She expressed solidarity with representatives advocating for fair treatment and equitable development across all islands.

“Anegadians deserve better. It is time for the government to step up and honour their commitments,” Smith concluded.

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