SMP partners to expand in Cayman Islands
SMP Partners and Cayman National Corporation Ltd. (CSX: CNC) KY (“CNC”), today announced that SMP has entered into a purchase and sale agreement to acquire the book of business and certain staff of Cayman National Trust Co. Ltd., in the…
TAX EVASION: Cayman Islands and US Taxpayers
BY GARY S. WOLFE, ESQ. From California CEO Two Cayman Island financial Institutions plead guilty to aiding US taxpayers in hiding more than $130m in offshore accounts. In March, 2016 the US Dept. of Justice announced guilty pleas for Two…
US chasing $130m in undeclared offshore accounts in Cayman Islands
By Pat Sweet From CCH Daily Two financial institutions based in the Cayman Islands have pleaded guilty in a US court to helping US taxpayers hide more than $130m (£92m) in offshore accounts in order to evade taxes, and could…