Tag: Panama Papers
Cayman not mentioned in latest offshore leak
(CNS): The Cayman Islands is not listed among the 41 countries and territories named in the Pandora Papers, the latest cache of leaked documents from offshore firms, as jurisdictions where the law firms and financial services providers from which the confidential data was leaked were located. An investigation by the International Consortium of Journalists and […]
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 […]
Deutsche Bank raided over Panama Papers link
(CNS): German law enforcement officials have raided the Frankfurt headquarters of Deutsche Bank in a money laundering investigation connected to the notorious Panama Papers. German prosecutors allege that two staff members at the bank helped clients launder money from criminal activities using offshore accounts in the British Virgin Islands. During raids of a number of Deutsche Bank […]
Deal won’t end push for public owners register
(CNS): A new deal signed between the UK and the Cayman Islands regarding an enhanced regime to disclose the beneficial owners of offshore companies will not bring an end to the push for a public register, Premier Alden McLaughlin said at a press conference Monday. While he was pleased Cayman had managed to get the […]
Government too busy for special meeting
(CNS): The Cayman government is already too busy preparing bills for the LA meeting it has called later this month, the 2016 Budget and now dealing with the pressures surrounding the Panama Papers to attend the special meeting called by opposition members, Premier Alden McLaughlin has stated. Despite his weakened majority, as a result of […]
Cayman’s compliance vastly superior to Panama’s
(CNS Business): The biggest tax leak in history, which revealed how a law firm in Panama helped thousands of people, including a number of world leaders, evade tax and hide money offshore, has up ramped calls for the UK government to increase the pressure on the British overseas territories (BOTs), including the Cayman Islands, to […]
