ARTICLE
10 January 2020

Government To Further Enhance Cayman's Beneficial Ownership Regime

CI
Cayman Islands Government

Contributor

The Ministry of Financial Services is part of the Cayman Islands Government. The Ministry engages with local and international stakeholders to address policy, regulatory, and legal matters that affect financial services in the Cayman Islands.
The Cayman Islands Government is presenting three bills to further refine and improve the jurisdiction's beneficial ownership regime.
Cayman Islands Government, Public Sector
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The Cayman Islands Government is presenting three bills to further refine and improve the jurisdiction's beneficial ownership regime.

During the next meeting of the Legislative Assembly, the following bills will be debated:

The bills provide clarification to the definition of beneficial owner and corporate service provider responsibilities. Additionally, the available exemptions and powers of the Registrar of Companies have been examined and addressed. These changes will strengthen the beneficial ownership regime in the Cayman Islands.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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