On 11 October 2024, the Cayman Islands Ministry of Financial Services and Commerce announced that it is seeking public feedback on two key regulations...
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The Cayman Islands’ Beneficial Ownership Transparency Act, 2023 (BOTA) came into effect on 31 July 2024. The Act aims to align the Cayman Islands' regime with global standards such as the US Corporate Transparency Act. This act replaces the previous beneficial ownership reporting regime introduced in 2017 and introduces several key updates to align with international standards. The new regime mandates more comprehensive transparency measures concerning beneficial ownership to combat money laundering, tax evasion, and terrorist financing.
On 11 October 2024, the Cayman Islands Ministry of Financial Services and Commerce announced that it is seeking public feedback on two key regulations...
The Cayman Islands and Senegal have been invited to the table for discussions of the Financial Action Task Force, the global money-laundering and...
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A local manufacturer has written to the Central Bank governor, the Auditor General, and the International Monetary Fund (IMF) complaining about the...