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ARTICLE · 09 AUGUST 2024

Beneficial Ownership Transparency Legislation Commences

Cayman Islands Government
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With the commencement of the Beneficial Ownership Transparency Act, 2023; and the Beneficial Ownership Transparency Regulations, 2024, the Cayman Islands is again advancing our AML/CFT regime proactively and reinforcing our commitment to combat money laundering and terrorist financing locally and globally.

Cayman IslandsFinance and Banking
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Grand Cayman, 7 August 2024 - With the commencement of the Beneficial Ownership Transparency Act, 2023; and the Beneficial Ownership Transparency Regulations, 2024, the Cayman Islands is again advancing our AML/CFT regime proactively and reinforcing our commitment to combat money laundering and terrorist financing locally and globally.

In addition to the Act and Regulations, Guidance on Complying with Beneficial Ownership Obligations is available on the General Registry's website.

To enhance compliance, the Act and Regulations bolster the efficiency and effectiveness of our beneficial ownership framework, and provide clarity for all users (both private sector and public sector).

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