Telegraph, UK - The British overseas territory, which has been criticised as being one of the
most secretive finance jurisdictions in the world, is introducing reforms
that will make public the names of thousands of previously hidden companies
and their directors, reports the Financial
Times,
CIMA, the islands' monetary authority, sent proposals, seen by the FT,
to Cayman-based hedge funds and outlined plans to create a public database
of funds domiciled on the island for the first time and will also list the
funds’ directors, pending an ongoing consultation process due to close in
mid-March.
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