ROAD TOWN, Tortola, BVI — A mention of “tax havens” usually conjures up images of sun-soaked Caribbean escapes like the Cayman Islands or the British Virgin Islands, maybe the buttoned-down banks of Switzerland., but certainly not ,,, South Dakota. But a report detailing how world leaders and some of the planet’s wealthiest people hide their […]
Tag: Money Laundering
Côte d’Azur Apartment Gift Docs For Putin’s Baby Mama Hidden In The BVI
ROAD TOWN, Tortola, BVI — A group of news organizations has released the following main findings after reviewing what it describes as a massive leak of confidential financial records revealing assets held offshore by politicians and public officials worldwide. The news reports have been published by the International Consortium of Investigative Journalists (ICIJ) and its media partners […]
El Salvador Says Being World’s 1st Bitcoin Nation Isn’t About Its Money Laundering
SAN SALVADOR — Today El Salvador will become the first country in the world to recognize bitcoin as legal tender, a move President Nayib Bukele says will save Salvadorans living abroad millions of dollars in commissions on money they send home. Despite Bukele’s popularity, the move has been greeted with skepticism by many Salvadorans who […]
Cryptocurrencies, Central Banks and the Caribbean: OP-ED By David Jessop
In less than three months’ time, El Salvador intends becoming the first country in the world to make Bitcoin its official currency alongside the U.S. Dollar. The country’s president, Nayib Bukele, a populist and media savvy disruptor, says that his decision will generate employment, enable the financial inclusion of tens of thousands of the country’s […]
Bitcoin Creator Satoshi Nakamoto Is Sitting On An ‘Insane Fortune’ If He Is Still Alive To Enjoy It
Bitcoin is back in the news in a major way. The cryptocurrency first peaked in the mainstream back in late 2017 when the price rocketed up to $19,000 in a matter of weeks. The price ebbed and flowed over the next few years, dropping as low as $3,400 in November 2018. In recent months, bitcoin […]
British Virgin Islands To Reveal Secret Company Owners By 2023; British Government Applauds Their Intent
ROAD TOWN, Tortola, BVI — The ownership of hundreds of thousands of companies registered in one of the world’s most secretive financial jurisdictions is to be made public for the first time. The BVI has committed itself to creating a publicly accessible register of company ownership by 2023 in a move welcomed by the British government. […]