CIMA to debate US offshore criticism
The 5th annual Offshore Alert Financial Due Diligence Conference is scheduled in Miami on April 24, 2007. The conference plans have already been described previously.
As usual, this 2-day conference will contain much information on fraud, money laundering and limiting financial crime, therefore it is expected to be visited by offshore service providers (including bankers, accountants and regulators).
The conference will become a stage for discussion of the US State Senate report on alleged tax haven abuses entitled “Tax Haven Abuses: the Enablers, The Tools & Secrecy”. It is likely to be a lively debate between Bob Roach, the US chief investigator, and Tim Ridley, the chairman of the Cayman Islands Monetary Authority (CIMA), as well as other regulators for offshore jurisdictions from Caribbean.
The results of the conference will be revealed soon.