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Tag: US

Cayman on US money laundering list

Cayman on US money laundering list

| 24/03/2015 | 2 Comments

(CNS Business): Seven Caribbean countries find themselves on the US “Major Money Laundering List for 2015”. The United States Government published its “2015 International Narcotics Control Strategy Report” on Wednesday, and the Cayman Islands is on the list.

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Swiss Bank exits FATCA programme

Swiss Bank exits FATCA programme

| 15/12/2014 | 5 Comments

(CNS Business): Barclays Bank’s Swiss operations is ending its cooperation with the Internal Revenue Service’s efforts to prevent investors from investing money in foreign countries with more amenable tax structures and policies. During a Zurich speech, Barclays bank executive Francesco Grosoli announced that the firm’s Swiss operations had “recently exited the program”, after evaluating its legal […]

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US federal contracts denied to firms in ‘tax havens’

US federal contracts denied to firms in ‘tax havens’

| 14/07/2014 | 0 Comments

(CNS Business): The Cayman Islands and Bermuda were targeted by  the US House of Representatives Congress last week when it voted to prevent companies that moved to the two jurisdictions from the US from winning certain energy and water federal contracts. Other low-tax counties, such as Ireland and Switzerland, were not included in the amendment […]

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