January 22, 2021

SMP partners to expand in Cayman Islands

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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 Cayman Islands. SMP Partners Group Chairman Steve McGowan said, “This acquisition cements our position in […]

TAX EVASION: Cayman Islands and US Taxpayers

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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 Cayman Island Financial Institutions Cayman National Securities, Ltd. (“CNS”) and Cayman National Trust Co., Ltd. […]

US chasing $130m in undeclared offshore accounts in Cayman Islands

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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 be forced to reveal the names of account holders, in the first conviction of a […]