The Cayman Islands Government has passed a number of amendment
laws to strengthen Cayman's anti-money laundering and
counter-financing of terrorism regime. The laws, published on 8
August 2019, are intended to help address certain recommended
actions in Cayman's legislative framework identified by the
Caribbean Financial Action Task Force in its evaluation report
published in March 2019.
The Companies (Amendment) Law, 2019, the Limited Liability
Companies (Amendment) Law, 2019 and the Limited Liability
Partnerships Law (Amendment) Law, 2019 each amend their respective
principal laws to enact changes to the filing, maintenance and
availability of information in respect of such Cayman entities.
Similar amendments apply for each type of entity but the following
is a summary of the amendments as they relate to Cayman
companies:
