The Cayman Islands government has drawn up an amendment to its Proceeds of Criminal Conduct Law that removes the fiscal exemption clause that so irritated the UK's Foreign and Commonwealth Office. However, the proposed amended legislation would still appear to offer little in the way of comfort to foreign governments seeking information about, and the seizure of, assets held by suspected tax evaders.
Articles Cayman Islands Featured Fraud Government & Politicians Money Laundering TaxSeptember 30, 1998
Cayman amendment to PCCL drops fiscal exemption clause
24 years ago
TopicsCayman Islands Fraud Government & Politicians Money Laundering Tax
KeywordsProceeds of Criminal Conduct Law