USA
Cayman home to Trump’s ‘questionable’ bond supplier
(CNS): Just as the Cayman Islands financial service industry took a step forward in improving its image by being removed from various grey or black lists, the islands’ reputation is taking another pasting in the American press. This time, it is over its connection to the parent company that supplied former US president Donald Trump’s […]
Cayman drops way down on TJN secrecy ranking
(CNS): The Cayman Islands is no longer the Tax Justice Network‘s most secret jurisdiction. The British overseas territory was rated number one in 2020 and number two in 2021, but this year it has dropped way down to number 14. The United States is now number one, Germany is number seven and Britain itself is […]
BVI premier waiting release on bond from US jail
(CNS): A Miami judge has ruled that British Virgin Islands Premier Andrew Fahie (51) can be released on U$500,000 bail following his arrest on drug-smuggling and money laundering charges in a DEA sting in South Florida last week. According to news reports in the US following Fahie’s scheduled court appearance on Wednesday, Judge Alicia Otazo-Reyes […]
Fahie planning return to work as premier of BVI
(CNS): The premier of the British Virgin Islands, Andrew Fahie, has said he will not resign from his job leading the overseas territory and that he was “framed” by the BVI’s “colonial masters”. In a social media message, which he asked to be circulated, sent from jail after his arrest last week on drug trafficking […]
BVI premier arrested on drug charges in Miami
(CNS): The premier of the British Virgin Islands, Andrew Fahie, has been arrested in the United States on charges related to drug trafficking and money laundering. According to various US news reports, he was arrested at a Miami-area airport by federal agents on charges of conspiring to import cocaine into the US and money laundering. […]
Legal ganja hits new high in US election
(CNS): Several more states in the US voted in last Tuesday’s elections to legalise the use of ganja in various down ballot referendums across the country. Coupled with the changing attitude towards the use of cannabis, Joe Biden’s win has seen cannabis stocks soar, given the increased likelihood of the drug’s decriminalisation. The results demonstrate […]
Key West votes to ban mass cruise tourism
(CNS): Voters in Key West, Florida, supported curtailing mass cruise tourism in their ports in a down ballot referendum choice in Tuesday’s elections. While the majority of electors statewide showed that the environment was not their primary concern, as they voted for the re-election of President Donald Trump at the top of the ticket, residents […]
Offshore lawyers sue Laundromat filmmakers
(CNS): The partners of beleaguered law firm Mossack Fonseca are suing the makers of the movie The Laundromat, which is based on the Panama Papers scandal, claiming the film paints them as villains at the centre of a web of illegal offshore activities. Jürgen Mossack and Ramón Fonseca filed the legal action in the district […]
Cayman man drugged and scammed in Florida casino
(CNS): A 69-year-old man from the Cayman Islands was drugged and robbed of an expensive watch and over $1,000 at a casino in Hollywood, Florida, last month, according to Broward County law enforcement officials. The police there released video footage of the Caymanian man at the Seminole Hard Rock Hotel & Casino, which shows the […]
Webb sentencing moved to 2020
(CNS): The sentencing hearing for Jeffrey Webb, who rose to the dizzy heights of global football management before being brought down in a massive FIFA scandal in 2015, has been put off for the tenth time. Although he was due to be sentenced this month, the former CIFA and CONCACAF president, who pleaded guilty to […]
Kushner uses Cayman to move foreign cash
(CNS): A real estate company partly owned by Jared Kushner has brought in around $90 million in investment from anonymous foreign sources since the US President Trump’s son-in-law entered the White House as an adviser. The Guardian reported that most of the cash flowed into the company, Cadre, in which Kushner is said to hold […]
