Tag: tax evasion
![Bank pays $5.6M in US non-prosecution deal Bank pays $5.6M in US non-prosecution deal](http://caymannewsservice.com/wp-content/uploads/2019/09/Butterfield-Bank-George-Town-150x150.png)
Bank pays $5.6M in US non-prosecution deal
(CNS): Butterfield Bank has reached a non-prosecution financial deal with the United States Department of Justice to put to bed a long running criminal case regarding past allegations of facilitating tax evasion in the Cayman Islands. The bank has agreed to pay US$5.6 million in taxes and forfeiture to address the allegations relating to the […]