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Revealed: How a UK company is using a Caribbean tax haven to cash in on scrapping toxic ships in one of the world’s poorest countries
David Marchant
Posted: Thursday, February 21, 2019
Joined: 9/13/2007
Posts: 1278


Independent: A UK company that acts as a formal outpost for a tiny Caribbean tax haven is a facilitator for one of the world’s deadliest trades – the scrapping of toxic ships on the beaches of south Asia.

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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.