Trust Quarterly Review

Secrets and isles

Bernadette Carey TEP and Robert Lindley TEP, June 2017

Bernadette Carey TEP is Counsel in the Cayman Islands Office of Conyers Dill & Pearman, and Robert Lindley TEP is Counsel and Conyers Dill and Pearman and heads up the Private Client and Trust Practice for the Cayman Islands and British Virgin Islands offices.

Summary:

Examining the changes to the Cayman Islands’ confidentiality laws - Concerted efforts are being made both onshore and offshore to implement stringent legislation to combat money laundering and the financing of terrorism. Unfortunately, this can confuse and worry professionals caught in the crossfire, including trustees, who find that identifying exactly what is expected of them in terms of information disclosure is, to say the least, a troublesome task.

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