Flying in cash is one thing, but Cayman accounts as a hiding place for cash.?
Things are getting more difficult.


Cayman Opts for Model 1 IGA for FATCA
Published 15th March 2013, 2:38pm

George Town, Grand Cayman – After considerable consultation with its financial services industry, and substantive discussions with US officials, the Cayman Islands Government today announced that it would adopt a Model 1 intergovernmental agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA).

Minister for Financial Services, the Hon. Rolston Anglin, made the announcement from the floor of the Legislative Assembly. He also said the decision will apply to a similar arrangement for the automatic exchange of certain information with the UK, and that he expects final negotiations on the mechanisms for exchange with the US and the UK to conclude quickly...........


Cayman Opts for Model 1 IGA for FATCA