We also reached out to the Prime Minister - who is traveling back from SICA meetings in the Dominican Republic. He responded an hour ago, saying, quote, "There is nothing sinister with these moves. What's happening is that the developed countries are pressuring countries like Belize with an offshore industry to "merge" (both) registries as one.
We are trying to salvage the offshore industry with this move. The companies registries will be meeting with the media tonight and give a more detailed explanation." End quote.
And indeed, there is an ill-timed media session which just started a few minutes ago. According to an 800 word release from BCCAR which also came out an hour ago, quote, "the Online Business Registry System was built…with the vision of making business registration services accessible to all and to create a registry that is built on proper checks and balances ensuring data security and data privacy…there are built in mechanisms that allow limited and extended access to information via lawful channels. Therefore, the assertions made in the public should be corrected based on facts within the current laws and regulations." End quote.
