Cayman Islands to fine breaches of beneficial ownership

clock • 1 min read

The Cayman Islands has announced it will be issuing penalties for any breach of its beneficial ownership reporting rules. Starting 29 June, any Cayman Islands registered company will be fined up to $30,500 for a single breach of the rules governing reporting of beneficial ownership. However, most fines will start at around $6,500. Penalties will be issued by the Cayman Registrar of Companies which will have the power to impose fines. Any company that fails to pay the fine within 90 d...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.