Cayman to extend BO info exchange and repeal secrecy law

Premier Alden McLaughlin, Financial Services Minister Wayne Panton and Cayman Finance CEO Jude Scott

(CNS Business): After just two days in London, the Cayman Islands Government has announced plans to enter into deals, similar to the one it has with the UK, over the exchange of beneficial ownership information with other jurisdictions and to amend the notorious secrecy law. On the eve of the UK’s anti-corruption summit, Premier Alden McLaughlin has said that Cayman will join the initiative to develop a global standard for sharing with authorities the details of the entities registered here.

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