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Press Statement – Mandating the establishment of Pubic Beneficial InterestRegisteries in The Overseas Territories through order in Council

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#TurksandCaicos, May 04, 2018 – Providenciales – It should be no surprise to observers of history that the Overseas Territories constitutional relationship with the UK has been subjugated in a political compromise between the minority government of Theresa May and the diverse parliamentary groups to secure the passage of the new Sanctions and Anti-Money Laundering Bill passed by the UK Parliament on May 1 in exchange for mandatory establishment of public registries of beneficial interest by 2020.

The will of colonial peoples have always been political fodder In the UK geopolitical interest as reflected in the famous oration by Viscount Lord Palmerston 1784-1865, Foreign Secretary and two-time Prime Minister under Queen Victoria that “Britain had no eternal allies and no perpetual enemies, only interest that were eternal and perpetual.”   And so, history has once again repeated itself and the interest of the Overseas Territories has been sacrificed on the altar of political expediency to achieve legislative consensus in bringing sanctions to bear against Russia.

The decision by the UK Parliament on the one hand affirmed the principle of consensus democracy as it relates to the UK special interest; while on the other hand admittedly “disenfranchises the elected representatives of the Overseas Territories who do not have a voice in the UK Parliament.” This is especially egregious given that it reflects a traditional bias in favour of Crown Dependencies tilting the playing field in their favour.  The alarming Ignorance of reality in the Overseas Territories by members of UK Parliament has been costly, and this most recent decision in the words of Alan Duncan himself will potentially create hardship for them.

The  decision is clearly not evidence based and indeed the evidence provided by the UK itself as reflected by Alan Duncan statement asserts that the Overseas Territories now generally have “central registers or similarly effective systems …… that enable UK law enforcement authorities to establish the ultimate owner of companies registered in the Overseas Territories……The commitments they have made in the exchanges of notes with the UK exceed current Financial Action Task Force standards and put them ahead of most jurisdictions, including many of our G20 partners and some states in the United States.”  This contradicts the notion of UK parliamentarians that the Overseas Territories are tax havens for robber barons, tax evaders, fraudsters, drug runners and funders of terror.  Indeed, there is more evidence that the UK itself is a haven for ill-gotten wealth.

While the Turks and Caicos Islands offshore financial sector is not as significant a part of our economy compared with that of the Cayman Islands or the BVI we have recently passed a new Companies Ordinance which establishes a central registry albeit not public; and plans are ongoing to continue the modernisation of legislation to make the jurisdiction more competitive.   In addition, a review of the industry by KPMG is expected to be completed during the month of May together with recommendations for the expansion of the Offshore financial services sector.

Therefore, two sequential and immediate actions are necessary  to any future strategy to grow the financial services sector to maintain equilibrium between income and costs.

  1. TCIG should move post haste to publicly identify itself with the sentiments of those recently expressed by the Cayman Islands, BVI and Gibraltar in a show of solidarity.
  2. Second and more importantly all stakeholders including the government, opposition and the private sector must as a matter of urgency convene a meeting to examine the options available to the TCI in a rational and dispassionate way.  Given the TCI low profile in this sector there may well be an upside that may be used to our advantage.  A win for the Turks and Caicos Islands regardless to who are the architect is a win for all of us, but the discovery of that win requires vision and collaboration.

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News

Stolen Vessel Recovered

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***MEDIA RELEASE***

 

July 20th, 2024.

 

#TurksandCaicos, July 20, 2024 – Shortly after 10 am yesterday (July 19th), the Police Control Room received a report of a stolen boat in the Turtle Cove district.

The description of the vessel given to officers was a black, 26-foot Hurricane boat with two Yamaha engines. Officers were told that the owner had secured the vessel on Thursday evening and had discovered it missing the following day.

Inquiries were conducted, and based on information received, Marine Branch Officers and Response and Operation Unit Officers searched a mangrove just off Five Cays today (July 20th) and recovered the vessel.

Two suspects were seen, one of whom was a 23-year-old from the Bight, Providenciales, who was caught and arrested for suspicion of stealing the vessel. The other suspect managed to escape.

The RTCIPF is asking anyone with information on illegal activities that may assist the police with enquiries to contact 911, the closest police station, the Serious Crime Unit at 231-1842, or call Crime Stoppers at 1-800-8477 and anonymously give any information.

Additionally, persons are being asked to download the CrimeStoppers P3 app.

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Crime

Firearm and Drug Charges

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Media Release

 

July 15th, 2024.

 

SHAIWANZO MISSICK of South Back Salina, Grand Turk, has been charged with six counts of firearm-related offences.

Missick, 30, was charged on July 13 after police officers consulted with the Office of the Director of Public Prosecutions.

The offences against Missick are:

  • One Count – Discharging Firearm
  • One Count- Discharging Ammunition
  • One Count-Possession of Firearm with intent to commit a serious offence
  • Two Counts-Possession of Ammunition
  • One Count –Possession of Firearm
  • One Count-Possession of Controlled Drugs
  • One Count- Possession of Controlled Drugs with intent to supply.

The charges against Missick came following a report made on Saturday, 29 June 2024,  following a shooting incident in Breezy Brae.

Officers obtained a warrant and searched the accused’s residence based on the information received.

The RT&CIPF is asking the public to notify the closest police station, contact 911, the Serious Crime Unit at 231-1842, Crime Stoppers at 1-800-8477, and anonymously give any information on illegal activity.

Additionally, persons are encouraged to download the Crime Stoppers P3 app from the Google Play Store or Apple Apps and share information anonymously.

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Crime

Five Cays Shooting Update

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#TurksandCaicos, July 19, 2024 – Shortly after noon on July 12th, the Control Room of the Royal Turks and Caicos Islands Police Force received reports of a shooting in Five Cays, Providenciales. A team of offices was dispatched to Granny Hill.

Upon arrival, several interviews were conducted, and evidential items were retrieved.  Thankfully, no one was injured.

Given the investigation’s sensitivity and lines of inquiry, the RT&CIPF cannot comment further.

We are aware of audio videos and photographs purporting to be the location of where the incident allegedly occurred and ask that persons circulating such be mindful of exposing victims.

The RT&CIPF is again reaching out to the public, emphasising their crucial role in this investigation.

We urge you to notify the closest police station, contact 911, the Serious Crime Unit at 231- 1842, Crime Stoppers at 1-800-8477, and anonymously provide any information on this shooting or any illegal activity.

Your cooperation is vital in ensuring justice is served. Additionally, persons are encouraged to download the Crime Stoppers P3 app from the Google Play Store or Apple Apps and share information anonymously.

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