The Beneficial Ownership Transparency Act, 2023 (the “BOT Act”) is now in force. The BOT Act was gazetted in December 2023 and was brought into force on 31 July 2024 by the BOT Act Commencement Order. The new Beneficial...more
8/29/2024
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Corporate Governance ,
EU Transparency Directive ,
Financial Regulatory Agencies ,
Financial Regulatory Reform ,
Legislative Agendas ,
Regulatory Agenda
Oct 2023 This decision was announced on 27 October at the closing of the FATF’s plenary meetings in Paris, France. The FATF announcement confirmed that the Cayman Islands maintains a robust and effective anti-money...more
11/8/2023
/ AML/CFT ,
Anti-Money Laundering ,
Anti-Terrorism Financing ,
Beneficial Owner ,
Cayman Islands ,
Corporate Governance ,
Enforcement Actions ,
EU ,
FATF ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements