The Cayman Islands Ministry of Finance Services issued a media release on 31 August 2023 announcing the Beneficial Ownership Transparency Bill 2023, which will consolidate and enhance the Cayman Islands' Beneficial Ownership Regime. --- Beneficial Ownership Transparency Bill to Advance Cayman's AML/CFT Regime The Cayman Islands is advancing its AML/CFT regime whilst reinforcing its commitment to global efforts in combating money laundering and terrorist financing with the introduction of the Beneficial Ownership Transparency Bill, 2023. This Bill, published late yesterday, aligns with the enhanced Recommendation 24 of the Financial Action Task Force (FATF) global standards, ensuring that competent authorities have...