Two arms of the Cayman National Corporation have pleaded guilty to charges of helping Americans hide more than US$130 million here.
It formed part of a US$6 million settlement this week. In addition, Cayman National Trust Co. Ltd. and Cayman National Securities Ltd. agreed to turn over account information on the alleged tax evaders whose accounts they managed.
The period in question runs ten years from 2001 to 2011. The Cayman Islands Monetary Authority says it is considering the implications arising from this matter.