Danish prosecutors have formally charged the suspected organizers of a billion-dollar tax fraud scheme, four weeks after the Cayman Islands Grand Court allowed local corporate service providers to offer foreign judicial assistance in a related US civil lawsuit.

London dominates the world’s $6.6 trillion-a-day foreign exchange market, it is the biggest centre for international banking and the second largest fintech hub in the world after the United States. New York retained the top spot in a survey of global financial centres published in September by Global Financial Centres Index, with London strengthening its […]

In the first quarter of 2020, the assets and liabilities of Cayman Islands banks both increased for the first time in years.