BVI ranked in top 20 countries enabling financial secrecy
The BVI has been ranked 16th on the Financial Secrecy Index 2025, which lists the world’s biggest enablers of financial secrecy out of 141 countries.
The Financial Secrecy Index is compiled annually by the Tax Justice Network (TJN), a UK-based advocacy group that campaigns against financial secrecy. The Index assigns secrecy scores ranging from 0 (no room for secrecy) to 100 (unlimited room for secrecy).
This year, the BVI received a secrecy score of 72, making it the Caribbean nation with the second-highest secrecy score. The Cayman Islands ranked 19th, with a score of 73.
The United Kingdom, with a lower secrecy score of 45, ranked 20th due to its high provision of offshore financial services to non-residents.
Several other Caribbean jurisdictions also appeared on the list: The Bahamas ranked 32nd, Barbados 37th, Bermuda 54th, and the Dominican Republic 74th.
Meanwhile, the United States topped the Financial Secrecy Index 2025 as the most financially secretive jurisdiction globally. Switzerland ranked second, followed by Singapore and Hong Kong in third and fourth, respectively.
The Tax Justice Network noted that countries contributing most to financial secrecy are increasingly leaning toward autocracy, adding that these jurisdictions have also seen declining scores from democracy-monitoring watchdogs.
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Natures Little SECRET
We live up to our name
That’s the VI. Waving the flag for SECRECY and INDEPENDENCE.
Yes, we shall wave the flag of Self-Determination in the face of the oppressors and the neo-colonialists. It is our right.
The BVI needs to push back on articles like this one and recast it as “ensuring the right to privacy, a human right”.
Admittedly the fight for privacy isn’t helped when a NDP Premier and his wife can help someone get a banking license, a VIP lead government give that bank 5 million without any justification in light of its red flags, the regulators scrutinizing the bank given the red flags, the wife of said premier acting as the Chairman with no obvious experience running a bank and then her nephew taking her place ….
The government need to act quickly on this one – resignations from a side and a vote of no confidence by the opposition and new elections presenting independent new people quick
Also the fact that under the VIP government the regulator who for years enjoyed being managed separately from government became directly under the control of government when they decided to create a ministry headed by the wife of the NDP Premier and now Minister of Financial Services. You can’t make this Shiet up
Why Alliance don’t stop blogging wanting people to believe he is our saviour? We don’t want no saviour from ‘bove red rock, who is tied up in court, who cannot show us his Virgin Islander grandmother, or who cannot tell us about our red peas soup with sugar and milk and a nwyok of pig tail.
I didn’t endorse anyone. In my view, whoever, just not these 13. The place needs to get cleaned out.
A few local directors/dignitaries have lost their annual salaries & bonuses! and now the public purse will be asked to bear the cost of the funeral, burying bodies is expensive. The lawyers we suppose will enjoy the lunching on the carcass of the company. $5,000,000 already admitted at risk or gone , how much more in reality. Lost or written off are handy phrases,some prefer embezzled or stolen .
Any chance of Transparency we ask ? The HOA answer in unison not likely!
Government funds into a coffin of a company. Who’s to say where’s the five million has been funneled, hidden in the liquidation there’s life in that body yet but everyone enjoys a cool slushy when the weather’s hot.
so nobody can see who is inside the vehicle or company. So BVI as the 16th darkest tint!
Did any of you read the article beyond the headline? Noticed that USA was number 1 and the Swiss number 2? UK was only a few spots better than us. These indexes are a waste and biased.
Them need to stop jumping up on us. Stop by US first before they reach BVI. The world is so biased. US can have offshore businesses, but where Trumpetters live is off limits.
The subject of contention is our local political leaders in the HOA hiding their identity’s with our own company privacy laws to mislead their voters and the suspicion that this is because they want to hide their participation in ripping off us taxpayers through corrupt practices and laundering the proceeds through BVI registered companies .
There’s some big names above the BVI…
1 United States
2 Switzerland
3 Singapore
4 Hong Kong
5 Luxembourg
6 Germany
7 Netherlands
8 South Korea
9 Guernsey
10 Japan
11 Taiwan
12 China
13 United Arab Emirates
14 Ireland
15 Panama
16 British Virgin Islands
17 Cyprus
18 Canada
19 Cayman Islands
20 United Kingdom
https://fsi.taxjustice.net/full-list/#scoring_id=268