Featured Cayman Islands

Swiss Firm in Panama Papers Charged in Transatlantic Stock Scam

Two executives and a Swiss firm linked to shell companies in the Panama Papers data leak were charged in the U.S. with scamming investors in pump-and-dump schemes. Blacklight SA and the executives bought shares of small publicly traded companies and then publicized false information such as pending merger deals, prosecutors… Read More

Tax authorities investigate new leaks incriminating Belgians

The Belgian tax authorities are investigating two new sets of banking leaks from London and the Isle of Man, documents which contain 11,000 links to Belgian taxpayers. The news comes in reports in Le Soir, De Tijd and Knack, whose reporters are members of an international consortium of investigative… Read More

Hacktivists target Cayman National Bank in Isle of Man

Cayman National Bank has announced that its subsidiaries in the Isle of Man were hacked by a well known hacking group on Sunday. Although the bank has not named that group, it appears from European media that it was Phineas Fisher, an infamous, anti-capitalist vigilante hacker group that targets… Read More
11th October 2019
The Cayman Islands said on Wednesday it would make public information on the beneficial ownership of companies, prompting anti-corruption campaigners to call on other offshore jurisdictions to follow suit as part of a global crackdown on money-laundering. The Cayman Islands government said it expected public registers of beneficial ownership –… Read More
7th October 2019
American prosecutors allege that the US lawyer Mark Scott laundered €273m in gains from the OneCoin global cryptocurrency scam via Bank of Ireland accounts. Four current and former bank executives — including Diane Sands, Bank of Ireland’s head of anti-money laundering — have been called to testify in the US… Read More
11th September 2019
Kody Zander is the fifth person to be charged in connection to an ongoing investigation into alleged money laundering of millions of dollars’ worth of gold. James Hinds, QC, who represents the prosecution in the matter, told Summary Court Magistrate Valdis Foldats, “Kody Zander was charged in relation to a… Read More
30th July 2019
John Christensen called Jersey home. A native of the scenic isle off England’s southern coast, he was a government economist with a hillside villa that had views of France. “I was set,” Christensen said last month in an interview at a London cafe. “We had a pretty good lifestyle and… Read More
23rd July 2019
The UK National Crime Agency (NCA) has seized gold worth approximately £4 million as part of a money-laundering investigation into a suspected South American drug cartel. Law enforcement officials interdicted the gold in June at Heathrow Airport, where it was in the process of being shipped from the Cayman Islands… Read More
26th February 2019
A London court has ordered the HSBC bank accounts of the son of a former prime minister to be frozen, and for him to hand over hundreds of thousands of pounds to the authorities after police said they suspected the funds were linked to criminal activity. According to the National… Read More
6th February 2019
The Cayman Islands has been added onto the Netherlands new low-tax jurisdictions list, dubbed blacklist, of 21 jurisdictions considered to be tax havens, as Amsterdam looks to roll out new measures to combat tax avoidance. Companies registered in the jurisdictions on the list face paying 20.5% tax from 2021 on… Read More
1st February 2019
An MP on a parliamentary media committee has reportedly called for transparency about the ownership of the London Evening Standard following a report that the newspaper’s main owners are refusing to reveal the identity of a new stakeholder. According to the Financial Times, the paper’s Russian owner Evgeny Lebedev… Read More
27th August 2018
The UK’s parliamentary research department has published a paper on registers of beneficial ownership. The study outlines the beneficial ownership structure in the UK, and also looks at issues around its Overseas Territories. It explains that the UK has registers of beneficial ownership for three different types of assets: companies,… Read More
3rd June 2018
A Cayman Islands court has dismissed rival claims made by a Saudi Arabian family and the Cayman companies of a Kuwaiti-born businessman, finding both the family and the businessman to have defrauded scores of banks out of about $126 billion (£94.4 billion) over more than two decades. The ruling follows… Read More