Cayman Islands tops ranking of money hideouts

FRANKFURT - British overseas territory the Cayman Islands, the United States and Switzerland do most to help the globe’s richest citizens hide and launder money, according to a ranking published on Tuesday by a group pushing for reform.

Alex Cobham, chief executive of the Tax Justice Network, said the “Anglo-American axis of secrecy” was exacerbating corruption and tax abuse. The Cayman Islands, which is close to Cuba and was ranked in the study as the most prominent center for financial secrecy, hosts more than 100,000 companies, a number that outstrips the local population.

The study also singled out the United States for criticism, saying that although Washington had pushed other countries to reform, it had not done enough to stamp out illicit money flows at home, flagging secretive shell companies in some states.

Yes, scoop of the day!, 🤔🤗👏

Aiding and abetting criminals is what keeps them going.

That’s how our politicians stole public money and fund... a special thanks goes to Switzerland for allowing such huge transactions and facilitating the biggest Ponzi scheme committed against the Lebanese people...

いいね！

Duh. That’s ancient news.

People everywhere pay the bill of these hidden money and corruption .

The picture sums it up

What about channel islands and isle of man.

I have never

♦♠❤♣

The real reason for Brexit

Cayman for corporates. BVI for individuals. Panama for foundations.

should stop all money transfers to these places and these banks. no more rich hiding their money at all. if move it to even a legit place, all money must be accounted for. no more shell businesses either. change the entire system.

Mine is my mattress.

It also used to be an amazing place to scuba dive.

Who would know?

Bahamas is another good one. It's where my prime minister keeps his offshore shell company lol

The water is so clear! .

Shocker

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