Panama Papers: IT dept sends 200 info exchange requests
From Money Control The countries to which these references have been made include the United States, the UK, Singapore, nations in the Caribbean islands, Switzerland, British Virgin Islands and the United Arab Emirates (UAE), among others. Widening its probe in…
US prosecutors investigate Panama Papers law firm employees
NEW YORK, USA — US federal prosecutors have reportedly launched a criminal investigation into whether employees at Mossack Fonseca, the law firm at the centre of the “Panama Papers” scandal, knowingly helped clients launder money or evade taxes. Mossack Fonseca…
Canadian banks ordered to disclose Cayman Islands dealings
By MARCO CHOWN OVED From The Star Canada The CRA suspects tax dodgers used RBC and Citibank to repatriate offshore assets held at Cayman National Bank. A Federal Court judge has ordered two Canadian banks to disclose their dealings with…
Panama Paper law firm representative in Venezuela arrested
From Caribbean News Now CARACAS, Venezuela — Jannet Almeida, a local representative of the Panamanian law firm of Mossack Fonseca, which is at the center of the Panama Papers offshore scandal, has been arrested by Venezuelan authorities in Caracas. “The woman…
Japan investors shy away from Cayman Islands
By YOICHI NAGAI, NQN senior staff writer From Nikkei Asian Review TOKYO — Japanese investors are beginning to pull their money out of the Cayman Islands, one of the world’s major tax havens. That much is clear. The reasons for the…
BNP Paribas to close Cayman Islands business – Attac website
Reuters From euronews PARIS (Reuters) – French bank BNP Paribas plans to close its remaining business in the Cayman Islands, campaign group Attac reported on its website on Tuesday, in the wake of the Panama Papers revelations about tax havens….
The Editor Speaks: Congrats are in order to our men who went to the UK Ministry
At last our words were played out all over the world when our quartet of three government members including the premier plus Jude Scott, Chief Financial Officer of Cayman Finance all weighed in with a united front at the UK…
Caymans, Bermuda lash out at U.S. ‘hypocrisy’ during anti-corruption summit
By Hamish Boland-Rudder From The Center for Public Integrity U.S. states face growing pressure to address their lack of corporate transparency as the fallout from the Panama Papers continues U.S. states Nevada, Wyoming and Delaware are facing growing pressure to…
OUR CARIBBEAN: Too silent on financial scandals
By Rickey Singh, From Barbados Nation News IT IS not unusual for the governments of our Caribbean Community (CARICOM) to be publicly silent, for long periods, amid developments that require some form of practical attention in the interest of the…
China has biggest number of links to Panama Papers
From Radio Free Asia China-linked offshore companies in the Panama Papers far exceed the number of entities from other countries and regions of the world, reports indicate. Some 25,000 offshore companies with owners — either companies or individuals — from…
