The world of offshore has long been under attack and with each new wave of regulatory changes the end of small international financial centers is being decried. But so far IFCs have proven extraordinarily resilient.
We are in probably the most turbulent times the offshore financial industry has ever seen. Almost daily, new events come to light and new initiatives are unveiled. The pen is no sooner dry, than the commentary is out of date, so I apologise if that is the case here. I hope not, as I have tried to look over the horizon.
Politicians in the U.S. have brought their campaigns to a new low by calling each other unpatriotic for using the Cayman Islands. Few of them remain fully insulated from the “Cayman benefits” - even those insulting other candidates without doing their homework.
Canada has long had laws prohibiting public corruption within its borders and more recently has enacted legislation respecting corruption of foreign officials. This paper outlines and discusses Canadian approaches to international public corruption by considering Canadian adherence to international conventions, Canadian law per se and ...