Transparency law could open up Cayman company ownership information

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Companies operating in the Cayman Islands could soon be required to make details of their ‘beneficial ownership’ public under draft legislation published this week.

The development coincides with a visit from the global Financial Action Task Force inspection team, which is on island as part of a review process that could see Cayman removed from its anti-money laundering ‘grey list’ of non compliant countries.

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