The Parliament of the Cayman Islands has passed the Beneficial Ownership Transparency Bill (2023).
It aims to enhance Cayman’s beneficial ownership rules in line with evolving global standards and consolidate the framework in a single act.
The changes to the beneficial ownership regime are also expected to help prepare Cayman for future rounds of Financial Action Task Force (FATF) evaluations.
In addition to various updates and amendments, the new Act comb...
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