Panton battles latest blacklist

(CNS Business): Financial Services Minister Wayne Panton is still battling to get the Cayman Islands taken off the latest blacklist, maintaining that the inclusion of Cayman on the European blacklist of financial centres was completely inappropriate and misinformed. However, he said that stigma and the position taken by some nations on tax competition made the battle for removal challenging, even as Cayman continues in its efforts to meet the demands of increasing international regulation in the financial sector.

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