 |
 |
 |
In light of the readily verifiable standard setting advances made by the Cayman Islands with respect to all crimes anti-money laundering and tax transparency, a recent outburst from Senator Dorgan on the floor of the Senate erroneously describing the Cayman Islands as a "tax secrecy" jurisdiction, seems politically and factually out of touch.
In his column ("Two cities and other tales of how financial centres flourish or fail", July 27), Jake van der Kamp asserts that the Cayman Islands' financial services industry has a "stink of criminality" about it.
The Cayman Islands Monetary Authority (CIMA) and the four main federal banking regulators in the United States have formalised procedures for exchanging supervisory information on US and Cayman Islands banks and banking institutions that have operations in each others’ jurisdictions.
Senator Bernie Sanders recently published an article in The Nation titled “No To Oligarchy” that can be viewed here
Dear Sen. Levin:
Your support for the group calling itself "Business and Investors Against Tax Haven Abuse" necessitates this response. Your endorsement of that organization’s recent report well might lend credibility to statements that are in error and recommendations that are misguided.
Page 1 of 2
«StartPrev12NextEnd»Cayman’s Financial Services Industry - How (and Why) it Works
There is a good deal of comment these days about the role of offshore financial centres in the global economy. But what comes across loud and clear is the high level of misunderstanding not only outside of the Cayman Islands,…
Leading English insolvency Q.C., Richard Snowden, from Erskine Chambers, London recently spoke together with Solomon Harris’ Head of Insolvency, Restructuring and Dispute Resolution, Laura Hatfield, and Head of Funds, Paul Scrivener, to over 40 leading insolvency professionals, members of CIMA and corporate service providers on two critical but potentially overlooked insolvency points.
The IFC Forum welcomes today's debate in the British Parliament calling for an "informed, consisten and balanced" debate on the role of offshore centres in the global economy.
Feed Entries