Iceland PM sold bank assets hours before financial crash, leaks show
By Jon Henley European affairs correspondent From The Guardian UK Guardian Exclusive: Bjarni Benediktsson, current Iceland leader, sold millions of króna of Glitnir assets before state took control in 2008 The current prime minister of Iceland sold almost all his…
Cayman Islands: Hotly-contested election behind it, as challenges remain
By: Peter Body From International Investment The long-term stability of the Cayman Islands, coupled with its early willingness to participate in global efforts to create an international network of automatic information exchange and similar schemes, are seen as helping it…
Adcock Private Equity sues Stephen Porges and wife over Caribbean share dispute
By Vesna Poljak From Financial Review The former boss of Aussie Home Loans, Stephen Porges, is being sued by private equity firm Adcock over a soured deal where he is accused of making false links to the Panama Papers scandal…
Cayman Islands co-operation puts clients first
From Executive Global As global strides towards transparency start to become a reality, beneficial owners around the world have recognised the growing attractiveness of a Cayman Islands corporate address or asset domicile, now that information sharing between governments becomes the…
The British Virgin Islands is trying to prove it’s not a tax haven — campaigners aren’t buying it
By Camilla Hodgson From Business Insider Transparency and tax campaigners are clashing with officials from the British Virgin Islands (BVI) over a new report claiming the Caribbean islands are not a tax haven. The report, written by Capital Economics and…
Wealth managers to the super-rich undermine society and what we can do about it
By Chuck Collins From The Nation An expert on their secretive world explains how these shadowy practitioners of financial trickery help facilitate widespread tax evasion—and undermine democratic government. Recent years have seen a tremendous amount of scholarship and commentary on…
WSJ: IRS Using New Tools to Find If You Are Hiding Money Overseas
By F McGuire From Newsmax The Internal Revenue Service reportedly is getting better at finding secret stashes of overseas cash. As a result of the government’s prying eyes, “tax evaders are receiving harsher penalties than ever, including prison,” The Wall…
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Fruits of warrantless surveillance in the Cayman Islands now admissible in court
By Kenneth Rijock From Kenneth Rikock’s Financial Crime Blog A word to the wise; there is no longer any true electronic communications privacy in the Cayman Islands. A local media quest, to obtain information about the now-admissible warrantless electronic searches,…
Kenneth Rijock: Proposed Cayman Islands register of beneficial owners has no teeth
By Kenneth Rijock From Caribbean News Now The proposed Cayman Islands Register of Beneficial Ownership of Corporate Information, which is reportedly slated to become effective in June 2017, and which was created in the face of global demand for corporate…
‘Solid case’ exists in bribery scandal against Panama Papers law firm
By Will Fitzgibbon From Caribbean News Now PANAMA CITY, Panama (ICIJ) — Mossack Fonseca, the law firm at the heart of the Panama Papers affair, sold shell companies and held bank accounts that were used to help conceal bribes paid…
