The Cayman Islands, like many other small island states whose main income is provided by the financial sector, consider it of utmost importance to maintain its reputation as a reliable and law-abiding jurisdiction that complies with all international standards in the fight against money laundering, tax evasion and corruption. . Or, at least, those that do not go against the interests of customers. Continue reading
Offshore banks and offshore banking raise many questions: what is offshore banking and how are offshore banks different from normal? What are the advantages of an offshore bank and what risks arise when doing this? And even the unexpected: “is it generally legal?”.
In this full review, we will answer all the most pressing questions about offshore banks and offshore banking. After it, you will be able to specifically approach the choice of an offshore bank for your personal or business needs. Continue reading
The day after the announcement of the “secret” documents of the Panamanian law firm Mossack Fonseca in the German newspaper “Munich” a statement by the German government appeared. This statement was due to the fact that the publications mentioned two German banks that had a relationship with the firm Mossack Fonseca. Their German government officials were quick to assure the public that measures would be taken to amend German law in order to prevent the anonymous use of companies. German Justice Minister Heiko Maas said that Germany is at the forefront in the fight against money laundering and the fight against terrorism. Continue reading