October 24, 2021

RBC closes customer accounts as Panama Papers review concludes

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By Doug Alexander From Bloomberg Royal Bank adds new tax compliance measures after examination Accounts of about 40 clients shut due to bank’s risk-tolerance Royal Bank of Canada closed accounts of about 40 clients and bolstered tax compliance following a review of offshore accounts tied to last year’s leak of records from a Panama law […]

Wyoming and Nevada: America’s Cayman Islands

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From The Recorder BUFFALO, Wyo. — The U.S. government has publicly and privately pressured countries that act as offshore havens for hiding money, while this barren, sparsely populated state offers the same secrecy. The Cowboy State isn’t as notorious as the Cayman Islands for cloaking millions. But, like Nevada and Delaware, this unlikely haven offers […]