Cayman Islands Monetary Authority appoints second deputy head of fudiciary
Mr. Eric Wilson was recently appointed to the post of Deputy Head of the Fiduciary Services Division at the Cayman Islands Monetary Authority (CIMA) effective 1 April 2016. With oversight from the Head of the division, he will manage the…
Selling our enemies the rope to hang us
By Cicero From Cicero’s Songs Panama is not the world’s largest off shore financial centre. Mossack Fonseca is not the worlds largest offshore lawyer. The scale of the leak of confidential information is huge, but in fact it represents the…
Progress made to rein in shell corporations, but more action needed
By John Ydstie FromWBFO 88.7 Buffalo The revelations in the Panama Papers have generated anger and disgust. Politicians and leaders in countries from Russia to Iceland to the oil-rich Gulf States are implicated. The irony is that while the shady…
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Letter to the Financial Times From Anthony Travers Chairman, Cayman Islands Stock Exchange
Letter to the Financial Times 7th April 2016. Sir, Much as Jeremy Corbyn, the Labour party leader, may secretly admire Lord Palmerston, sending a gunboat to the Cayman Islands is constitutionally impermissible (“Cameron accused of backing down on tax havens”,…
UK ministers humiliated after Cayman and BVI leaders repeatedly ignore requests for meetings
By Jon Stone From The Independent UK Exclusive: Campaigners accuse Government of ‘pussyfooting’ around the issue, and claim the ‘meek’ and ‘softly-softly’ approach is not working The governments of two notorious tax havens have repeatedly ignored UK ministers’ requests to…
Jamaica & U.S. co-host public-private dialogue on Correspondent Banking
In recognition of the significant financial ties between the United States and the countries of the Caribbean, the Bank of Jamaica and the United States Department of the Treasury hosted a public-private roundtable on correspondent banking that took place on…
Panama Papers: The secret state of Delaware
By Lucy Clarke-Billings From Newsweek When conjuring up a picture of a tax haven, one generally imagines a faraway, zero-tax, Caribbean land like the Cayman Islands or Bermuda. President Obama has criticized offshore jurisdictions like these and citing the Panama…
PAC: 1MDB directors repeatedly given inaccurate info
From The Star Online PETALING JAYA: The 1Malaysia Development Bhd board of directors was repeatedly given inaccurate information by the management of the government investment arm, said the Public Accounts Committee. Among the instances highlighted by the PAC in its…
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Deficit of hope
By D. Markie Spring From Caribbean News Now Despite its many challenges, the Earth is a perfect place! The number one reason for such claim is, the Earth was created by the perfect Being – God, the omnificent, the One…
Vantage Drilling International and Vantage Drilling Company – Here’s what you need to know
Gy Fun Trading From Seeking Alpha Vantage Drilling International is the new name for Vantage Drilling after emerging from bankruptcy on February 11, 2016. VTGDF sold all its assets to Vantage Drilling International and got a $61.477 million promissory note…
