Topic: International Business Regulations
Cayman best Overseas Territory on beneficial ownership register
Cayman is the only major UK Overseas Territory offshore financial centre to have an open register of beneficial ownership up and running by the April deadline, a UK watchdog has reported.
Status of Cayman beneficial ownership platform unclear
Legislation went into effect on July 1 that establishes a beneficial ownership platform intended to access the true owners of the nearly 100,000 Cayman-registered companies – a system aimed at improving the speed of providing beneficial ownership to U.K. law enforcement authorities.
