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News Cayman Islands Beneficial Ownership and Enforcement of Fines

Enforcement Manual

The Companies (Amendment) (No.2) Law, 2020 enabled the Registrar of Companies to impose administrative fines for certain breaches of the beneficial ownership regime relating to Cayman Islands companies. Guidance, effective from October 2020, has now been released in the form of a Beneficial Ownership Enforcement Manual (the "Manual").

According to the Manual, in determining whether to impose a fine, the Registrar should take into consideration:

The Manual further states that the Registrar:

The Fines

As a reminder of the fines regime:

Key Contacts