November 29, 2021

Amendments to Cayman Islands NPO Law take effect, LLPs to feature BO enhancements

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Two pieces of legislation to clarify Cayman’s regime for non-profit organisations (NPOs) will come into force on 1 April; meanwhile, later this year, a minor amendment to the local beneficial ownership framework will take effect. The Non-Profit Organisations (Amendment) Law, 2018 (Commencement) Order, 2019 and Non-Profit Organisations (Registration Application) (Amendment) Regulations, 2019; and The Beneficial […]

Cayman Islands: Premier rejects UK request for BO information

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By Mossack Fonseca From Disclose TV Alden McLaughlin, the premier of the Cayman Islands, has denied the UK’s request for direct access (http://ideria.inube.com/blog/4684459/cayman-premier-rejects-uk-request-f… ) by its law enforcement agencies to beneficial ownership (BO) information in the Cayman Islands. Premier McLaughlin indicated in his 26 November 2015 Premier’s Statement on Beneficial Ownership: “The information concerned does […]

Mood of the nation poll: It’s now or never for Modi on black money

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By Anshuman Tiwar From daily O Indian investors are bringing illegal funds on a large scale through P-notes into the Indian market via tax havens. Having declared from the ramparts of the Red Fort that he would bell the black money cat, Prime Minister Narendra Modi now has an opportunity to act on his words. […]