Poor! BVI #16 on global Financial Secrecy Index




A section of Tortola

By Davion Smith, BVI News Journalist

The British Virgin Islands has ranked number 16 on the 2018 Financial Secrecy Index.

The Financial Secrecy Index ranks countries according to their secrecy and the magnitude of their nefarious offshore financial activities.

United Kingdom-based financial advocacy group, Tax Justice Network (TJN) published the study this week.

According to the report, the BVI had a relatively high secrecy score of 69 out of 100.

“The secrecy here comes most importantly from the BVI’s lax, flexible, ask-no-questions, see-no-evil company incorporation regime, which allows owners of companies to hide behind ‘nominees’ to achieve

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