The U.K. and the Cayman Islands have reached an agreement that will allow the continued cooperation in the fight against money laundering and other crime under an agreement struck more than two years ago.
The Minister of State for the Overseas Territories Tariq Ahmad and Premier Alden McLaughlin released a statement Monday confirming that British and Cayman officials had reached an agreement about the sharing of beneficial ownership information that will provide for “close and effective” cooperation.
The agreement does not affect the threat that the British government may impose public beneficial ownership registers in the overseas territories through an order in council, if they have not been implemented by 2020.
Read the original article here: caymancompass.com
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