ViewPoint has provided Cayman clients with a complete Beneficial Ownership Reporting (‘BOR’) solution termed ‘Owners and Controllers’. This screen allows for the capture of beneficial owners, relevant legal entities and deemed beneficial owners and accommodates instances where a reporting entity is exempt by the BOR regulations from reporting . Where entities are exempt, ViewPoint provides the exemption reasons as stipulated in the most recent update to the regulations.
Included with the upgrade is the updated BOR register for Cayman which has been tested and accepted by the Cayman Competent Authority. We are in the process of upgrading clients to the minimum required version which is 7.3.13 or 7.4.