Cayman Islands to introduce public ownership register in money-laundering crackdown


October 9 2019

The Cayman Islands will introduce a public register showing the beneficial owners of companies based in the jurisdiction by 2023.

The register – part of the EU’s 5th Anti Money Laundering Directive (5AMLD) – will show the beneficial owners of all financial entities domiciled in the territory, which is key to showing who is behind shell companies.