ARTICLE · 21 DECEMBER 2023

Cayman Proactively Advances Its Beneficial Ownership Framework

Cayman Islands Government

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Recognising the shared intent to support a responsible, transparent global financial system, the Cayman Islands has updated our 2019 commitment to the UK by introducing plans...

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Grand Cayman, 15 December 2023 – Recognising the shared intent to support a responsible, transparent global financial system, the Cayman Islands has updated our 2019 commitment to the UK by introducing plans to enhance our beneficial ownership framework by the end of 2024, to continue the fight against illicit financial flows.

"We recognise that the UK continues to champion anti-money laundering and counter-terrorist financing efforts," said the Hon. André Ebanks. "As such, the Cayman Islands greatly values our partnership with the UK, along with our sister Overseas Territories and Crown Dependencies, to protect the global financial system and the public from criminality and illicit financial flows."

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