News about the Cayman Islands in the Foreign Press

Tuesday, February 17, 2004

Another move to investigate Halliburton's Cayman subsidiary

WASHINGTON, USA - According to the Washington Post, a group of 35 House Democrats have written to US Attorney General John Ashcroft, asking him to appoint an independent counsel to investigate Halliburton's use of a Cayman Island subsidiary to do work in Iran. 

Buying a Cayman island

LOS ANGELES, USA - American Spectator contributor Matt Welch writes that a paper-shredder is the only way to process the barrage of credit card offers, subscription trials and obscure Internet scams, which include enough sensitive information about his financial affairs to enable your average dumpster diver to buy a mid-sized Cayman Island.

Cayman fund officially introduced to Jamaican investors

KINGSTON, Jamaica - According to the Jamaica Gleaner, the Grace Caribbean Fixed Income Fund, launched in Cayman in October 2002, was officially introduced to Jamaican investors last week.

Not the Cayman Islands this time

MIAMI, USA - The Miami Herald reports that while much attention is falling on such offshore financial centres as the Cayman Islands, a recent IRS case illustrates that the US financial system itself is home to a good many income-laundering schemes.

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