Archive for April 5th, 2016

Cayman’s compliance vastly superior to Panama’s

Cayman’s compliance vastly superior to Panama’s

| 05/04/2016 | 7 Comments
(CNS Business): The biggest tax leak in history, which revealed how a law firm in Panama helped thousands of people, including a number of world leaders, evade tax and hide money offshore, has up ramped calls for the UK government to increase the pressure on the British overseas territories (BOTs), [...]

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De-risking threatens US dollar access for Cayman Banks

De-risking threatens US dollar access for Cayman Banks

| 05/04/2016 | 8 Comments
(CNS Business): De-risking by US banks, which left the overseas money transfer services firms unable to operate in Cayman for some time last year, still threatens to cause a much bigger crisis for the financial services industry, with the practice of closing bank accounts deemed to be too risky focu [...]

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