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.

Click below to read more, or feel free to get in touch with your usual Appleby contact.

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