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BVI welcomes UK probe in offshore financial centres

Published:Friday | March 20, 2009 | 12:52 PM

The Premier of the British Virgin Islands is expressing confidence that the territory\'s regulatory system will withstand scrutiny in the wake of the visit of the head of the UK independent review of British offshore financial centres.



The review was first announced last November and in recent weeks, Gordon Brown\'s labour government has said it will join a global effort to tighten rules for tax havens and offshore financial centres.



The British review also applies to the Cayman Islands, Bermuda, Anguilla and the Turks and Caicos Islands.