Minister of Energy and Business Development Kerrie Symmonds is casting some of the blame on Governments over the years and the global business sector for Barbados being cited by international agencies for non-compliance specifically as it relates to the sharing of information.He admitted to the slow, inefficient and costly processes that have been hindering Barbados’ ability to comply with international requirements regarding access to, and reporting on, beneficial ownership information.It is against this background, that he insisted that the setting up of a dedicated beneficial ownership register should take place as a matter of urgency.Addressing a Barbados International Business Association (BIBA) business luncheon on Wednesday at the Savannah Beach Club, under the theme The Road Ahead for Global Business in Barbados, Symmonds expressed disappointment that the issues relating to beneficial ownership have not been ironed out despite years of concerns.
