CIG plans consultation on beneficial ownership access

(CNS Business): With the announcement last week by British Prime Minister David Cameron that the UK will be introducing a fully accessible and public register detailing the beneficial owners of companies registered in the UK, the Cayman Islands government has said that it continues to make plans over the issue of how beneficial ownership for offshore companies registered here will be handled and will begin an industry consultation process this month. With pressure mounting to move towards automatic exchange of information and greater levels of transparency, Financial Services Minister Wayne Panton defended what he called the “robust measures” and channels already in place for authorities to gain information about companies domiciled in Cayman. Read more on CNS Business

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