News & Insights

Cayman Finance Reports Cayman Panama Paper Links as Minor

 

The publishing of the online database of entities, officers and intermediaries linked to the Panama Papers released on 9 May 2016 show links to the Cayman Islands to be relatively minor in terms of the volume of data. It was found of the 214,000 offshore companies set up by the Panamanian law firm Mossack Fonseca, only 104 (0.05%) has a link to the Cayman Islands.

Cayman Finance stated: “Unfortunately, no jurisdiction in the world is free from the threat of criminal financial activity. Top jurisdictions ensure appropriate law enforcement authorities are empowered and informed fully to prevent crimes, investigate and apprehend criminals. On these efforts the Cayman Islands has been a leader.”


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This publication is for general guidance and is not intended to be a substitute for specific legal advice. Specialist advice should be sought about specific circumstances.