From 1 October 2019, the names of the directors of Cayman Islands companies will be available for inspection by the public.
Previously, director information maintained by the Cayman Islands Registrar of Companies was only available to competent authorities (such as the Tax Information Authority, the jurisdiction’s designated authority for international tax co-operation).
The change comes in response to a review of the Cayman Islands’ anti-money laundering and counter terrorist financing regime by the Caribbean Financial Action Task Force. The review recognised the jurisdiction’s high level of commitment to a robust AML and CTF regime and made a number of specific recommendations to further strengthen it. Companies will also be obliged to notify the Registrar of changes to their directors within 30 days (reduced from 60 days) so that the information available to the public is current.