Oral Question·Foreign, Commonwealth and Development Office
“What assessment he has made of the effectiveness of steps taken by the British Virgin Islands to tackle illicit finance.”
Tabled: 13 February 2025Answered: 25 February 2025
Asked by
Lloyd Hatton
Labour — South Dorset
Answering Minister
the Secretary of State for Foreign, Commonwealth and Development Affairs
Answer from Hansard
The Secretary of State for Foreign, Commonwealth and Development Affairs (Mr David Lammy)
The overseas territories, including the British Virgin Islands, work to uphold international standards on tax transparency and illicit finance and enforce UK sanctions. The overseas territories agreed to implement corporate registers that are accessible at least to those with legitimate interest by June 2025. We are aware of BVI’s public consultation on its register and are working with it to improve its proposal.