BVI premier announces that the territory will comply with G-20 rules

The Premier of the British Virgin Islands Hon. Ralph O'Neal has made some comments during the news conference which took place in the BVI territory on March 24, with participation of thousands of corporations, insurers and offshore trusts which are established to avoid taxes and regulation in their countries.

Premier Ralph O'Neal has said the British Caribbean territory as a popular offshore corporate domicile will comply with any new financial rules that come out of the Group-20 summit of rich and developing countries. He also said that the British Caribbean territory is compliant with all requests from international regulators, and is ready to adapt to any new financial regulations that may emerge from the G-20 London summit which will take place next week.