CIG consulting on beneficial ownership disclosure

| 27/11/2013

(CNS Business): Although the Cayman authorities already collect elements of beneficial ownership regarding offshore companies, they are now under pressure to collect more and make that information public. As the international regulatory regime moves towards full automatic exchange of information and transparency regarding offshore commercial activity, the CIG has opened discussions about how it should do that and whether Cayman should establish a central registry with full public access to meet the latest demands from the UK to lift the lid on what the world still regards as the secrecy surrounding commercial entities using offshore companies and trusts for tax avoidance and evasion. Read more on CNS Business

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