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Excerpt: |
''It's clearly unfair to lump the
Caymans in that group with Panama, Vanuatu and Nauru, which are
really at the bottom of the pile,'' said
David Marchant, who publishes a Miami-based newsletter on
the industry called Offshore Alert.
Marchant said the Caymans and
the Bahamas, which also was at the bottom of the list, have much
stricter licensing requirements. However, he alleged that Caymanian
officials have not always been efficient in helping investors who
have claims or concerns about shaky investments. |
