Latest News for: Cayman islands offshore


PTI says funds can be received from foreign firms, except MNCs

The News International 18 May 2022
The PTI lawyer then read out the undated affidavit by Arif Naqvi of the defunct Abraaj group certifying that Wootton Cricket Club, an offshore company registered in Cayman Islands belonged to him and that he donated $2.1 million to the PTI from the accounts of the company ... He explained that all the money sent from abroad was only from Pakistanis ... .

USA inches up to ranks first on the Financial Secrecy Index

The Times of India 17 May 2022
As per the previous index - FSI-2020, the top three positions were held by Cayman Islands, USA and Switzerland ... At first glance, the biggest surprise is that Cayman Island which had ranked first in the FSI-2020 and is no longer in the list of the top ten countries, a spot routinely occupied by it.

Vantage Drilling International Reports First Quarter Results for 2022

Eagle-Tribune 16 May 2022
The Company used $8.2 million in cash from operations during the first quarter of 2022 compared to $15.4 million used during the same period of 2021. Ihab Toma, CEO, commented ... Mr ... Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of two ultra-deepwater drillships, and five premium jackup drilling rigs ... .

‘Straw owner’ hides $1 billion worth of Russian yachts, US says

Finger Lakes Times 15 May 2022
Court filings in the South Pacific island of Fiji, where the U.S ... officials allege is a nest of offshore shell ... The sale was financed through two other offshore companies with Khudainatov as the beneficial owner — one in the Cayman Islands and another in the BVI, the documents say.

How to solve Britain’s dirty-money problem

Economist 05 May 2022
Another attraction, however, is the financial secrecy offered by both Britain and its network of offshore satellites, from Jersey to the Cayman Islands ... Similarly, government attempts to rein in Britain’s offshore territories have been half-hearted—witness the scandal engulfing ...
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