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Cayman CEO defends transparency standards in wake of UK’s ‘unfair’ BOTs vote
David Marchant
Posted: Thursday, May 3, 2018
Joined: 9/13/2007
Posts: 1221


International Investment: Britain’s decision this week to force its overseas territories to make company ownership public has drawn angry responses from jurisdictions around the world, with the CEO of Cayman Finance the latest to issue a damming rejection of the proposed new law.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.