BVI transparency reform faces backlash over loopholes and risks to investigators

BVI transparency reform faces backlash over loopholes and risks to investigators

The British Virgin Islands has taken a notable step toward opening its long-guarded corporate registry, but the reform is already facing sharp criticism from anti-corruption advocates who argue that critical design flaws could undermine its intended purpose. While authorities present the new framework as a move toward greater transparency and alignment with international standards, critics warn that built-in loopholes may allow illicit actors to…