The Cayman Islands Ministry of Financial Services, Commerce and Environment has invited the public to provide preliminary comments on a proposal, ahead of a longer consultation period on the draft legislation itself, to create private beneficial owner registers, which will form part of a centralised platform of beneficial ownership information earmarked for mid-2017 which is, perhaps not coincidentally, the deadline for EU member states to implement the beneficial ownership register provisions of Article 30 of the Fourth Anti-Money Laundering Directive.

Under the Cayman Islands proposals, neither the proposed registers nor the centralised platform will be open to the public.

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