Cayman Islands: Government Announces AML Requirement for Beneficial Ownership Register

On October 9, 2019, the government of the Cayman Islands published an announcement titled "Commitment by the Cayman Islands on the Implementation of Public Registers of Beneficial Ownership of Companies", in which the Cayman Islands commits to developing an accessible and transparent approach to its systems in line with the requirement in the EU's 5th Anti-Money Laundering Directive (5th AMLD) for a beneficial ownership register, to remain consist with international standards. 

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