Cayman approves beneficial ownership LLP changes

Pedro Gonçalves
clock • 2 min read

Cayman's cabinet has approved the Beneficial Ownership (Limited Liability Partnership) Regulations, 2019 in response to both Financial Action Task Force anti-money laundering recommendations and the Exchange of Notes with the UK. The regulations will require limited liability partnerships to file beneficial ownership information with the General Registry in much the same way limited liability companies and other types of companies are doing so already. The approval comes before the Limited Liability Partnership (Amendment) Law takes effect, later this year. Last year lawmakers pass...

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