Cayman Laws Coming with Financial Transparency
New British regulations call for more financial transparency in the use of financial transactions involving offshore accounts. This move, according to dean and College of Law professor Craig Boise, would be a big shakeup from the past.
“Back in the ’50s and ’60s, people would fly in with briefcases full of cash,” he told the Christian Science Monitor. Now, this change “is likely to cause a pretty seismic shift in their business model.”