ARTICLE
16 January 2014

Deadline Approaching On Beneficial Ownership Consultation

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.
George Town, Grand Cayman – Underscoring the subject's importance to financial services providers, as well as to every person who has a company - regardless of its type - in the Cayman Islands, the Minister of Financial Services again urges industry, clients and the general public to respond to Government's consultation paper on the beneficial ownership of companies by the Friday, 31 January deadline.
Cayman Islands Finance and Banking

George Town, Grand Cayman – Underscoring the subject's importance to financial services providers, as well as to every person who has a company - regardless of its type - in the Cayman Islands, the Minister of Financial Services again urges industry, clients and the general public to respond to Government's consultation paper on the beneficial ownership of companies by the Friday, 31 January deadline.

'It is essential that Government hears your opinions', said Minister Wayne Panton, adding that the deadline is a few weeks away.

The consultation paper is available on http://bit.ly/KjGbQ7 .

He explained that the purpose of this consultation, which covers specific sections of the Cayman Islands Action Plan to Prevent the Misuse of Companies and Legal Arrangements, is to ensure appropriate transparency in the Cayman Islands business environment.

This includes ensuring that Cayman has appropriate mechanisms to effectively maintain information on who owns, and who controls, Cayman-registered companies; and that this information is readily available to appropriate authorities.

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.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More