While Chamber of Commerce president Paul Byles welcomes the visit of the UK Overseas Territories Minister Lord Tariq Ahmad he says he doesn’t expect anything to change when it comes to the public beneficial owners registry issue.
He said as it stands the UK’s decision is now law.
As for Cayman Mr. Byles said the Premier has made our position clear that this is unlawful and it will not be adhered to and he said the government has the business community’s backing.
“Everything I have heard so far from the members certainly supports the government’s position on this. I think members are very clear that they believe that a line in the sand should be drawn and its well supported I believe,” said Mr. Byles.
He added for chamber members it is business as usual as the public registries issue is some two years away. The deadline for implementation is 31 December 2020.