The Government of the Cayman Islands has announced last week its intention to introduce a public register of beneficial ownership, in line with evolving standards and international obligations such as those reflected in the principles of EU 5th Anti Money Laundering Directive. This follows the announcement of the same made earlier this year by the British Crown Dependencies.
The commitment to introduce publicly accessible registers on a timeline that reflects the development and evolution of public registers in the UK and EU confirms our ongoing commitment to meeting international standards, and to adapting proactively as global best practice evolves.
Please click here to read the full article on the Cayman Islands Government website.