AGP Executive Report
Last update: 8 hours agoTax and Compliance: The BVI ranked first on Tax Justice Network’s Corporate Tax Haven Index, which measures the risk of profit shifting—not illegal activity. The ranking renews scrutiny of the Territory’s financial rules as it defends its limited-access beneficial-ownership system. Sanctions: US authorities targeted four people and 41 companies over alleged support for Cambodia’s Prince Group scam network, including BVI companies Treasury says helped conceal ownership and move funds. Utilities: From December 1, the electricity corporation and Water and Sewerage Department will operate under VIEWCo, a single utility with separate water and energy business units. Financial Services: The BVI and Hong Kong signed an agreement covering financial services, fintech and green finance, while BVI Finance set May 31–June 2, 2027, for its third Fintech on the Seas conference. Workforce: The government is offering 81 scholarships across nine districts for maritime, construction and hospitality training, backed by a $375,000 allocation.
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