Cayman Islands:
Government Statement Regarding Cayman National Securities / Trust
11 March 2016
Cayman Islands Government
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It is greatly disappointing that two of our financial services
firms helped US citizens to engage in illegal activity by evading
their tax responsibilities.
We recognise that this settlement may give the public more
reason to believe popular misperceptions about the Cayman Islands
but in truth, it does not speak to the hard work that we have
invested, through more than 15 years of continuous global tax
cooperation efforts, to minimise and combat illicit activity. Our
actions demonstrate that as a jurisdiction, we do not aid or
condone the shirking of tax responsibilities by citizens of other
countries.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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