Commitment To Global Transparency Confirms Cayman As First Class Jurisdiction

Already recognised by the Organization for Economic Cooperation and Development (OECD), the International Monetary Fund (IMF) and other international bodies for its transparency and standards consistent with those of other major developed countries, the Cayman Islands¹ is acknowledged as a first class jurisdiction for conducting international business. 

In a press release dated 11 May 2016, the Cayman Islands government has now confirmed a number of steps as a result of constructive discussions with the UK government, including: 

1. a willingness to commence discussions with those jurisdictions who are participating in the G5 initiative (for the exchange of beneficial ownership information with law enforcement agencies) on entering into bilateral agreements with the Cayman Islands, similar to the Exchange of Notes currently in place with the UK;