Tag: Cayman National
Cayman National shareholders to receive dividend
(CNS Business): Cayman National Corporation (CNC) have announced a net income of over $9 million in the third quarter and the payment of an interim dividend of 5 cents per share. According to the CNC Board of Directors, this dividend will be paid on Wednesday 12 October to shareholders of record as at 11 October […]
CIG ready to assist Canada’s tax evasion probe
(CNS Business): As Cayman National finds itself embroiled in another international tax evasion investigation, this time regarding the actions of clients of two Canadian banks, the Cayman government says it is ready and willing to assist Canada in uncovering where its citizens may have used offshore accounts to avoid tax obligations at home.
Cayman National ‘regrets’ affiliates’ tax scandal
(CNS Business): Cayman National Corporation (CNC) was quick to pass off revelations that its subsidiaries had, for more than ten years, assisted US account holders in massive tax evasion as an historic issue that impacted lots of other banks around the world. In a statement Thursday the corporation said the conduct was a thing of the past, […]
Cayman firms fined $6M for helping tax dodgers
(CNS Business): Two subsidiaries of the Cayman National Corporation have pleaded guilty to helping clients evade taxes in a US Department of Justice crackdown on tax cheats. Cayman National Securities and Cayman National Trust entered guilty pleas Wednesday in a New York federal court. The two entities will pay US$6 million in forfeiture and fines, […]
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