The Ministry of Financial Services wishes to advise the following:

Industry is advised that training on the bulk upload of beneficial ownership (BO) information to the updated BO system is set to commence.

The competent authority for BO, General Registry, will be offering training to CSPs that need assistance with the process. To arrange training, persons should submit their requests to grcompliance@gov.ky. From there, the competent authority will respond to schedule a date and time. Training will be conducted virtually and access details will be provided.

Please note that the latest version of the CSV File and User Guide are available and can be downloaded from CAP.

The competent authority would like to reiterate that the submission of BO information via CAP onto the BO system, which is not internet-facing, is secure. CAP is used only as the upload interface and not as a storage facility. The uploaded data is not viewable without strict authorization. All BO data is encrypted in transit and at rest. The data, upon storage, is then obfuscated.

Industry queries on this matter can be directed to corishelpdesk@gov.ky and grcompliance@gov.ky.

(Via Press Release)