Corruption not just offshore issue, says premier

| 04/02/2014

(CNS Business): Addressing an international conference on global corruption, Cayman Islands Premier Alden McLaughlin indicated that offshore centres are unfairly targeted. While Cayman has benefited in many ways from the spotlight, the country “is review fatigued”, he said, emphasising that in order to effectively tackle the issue, every country – onshore and offshore – must be subject to the same scrutiny because if the focus remains on select jurisdictions, the financial criminals will simply move elsewhere. This truth, he suggested, was inconvenient for “political candidates who are looking for a scapegoat for mismanaged public finances" and for some news media "that operate more as entertainers than purveyors of the truth”. Read more on CNS Business

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