Cayman losing business to 'white list' centres

CIFSA president Anthony Travers says white-listed jurisdictions will inevitably poach new business off their grey-listed counterparts. According to local reports from Cayman, offshore financial centres which have met the transparency and regulatory requirements of the OECD white list have already begun using their enhanced status to capture new business deals. Cayman is currently struggling to extricate itself from the OECD's "grey list" of countries which have shown willing to meet its demands but have not done so yet. Speaking at an Alternative Investment Management Association (AIM...