| The Cayman Islands is another misleading | | | | supposedly in the investigation of criminal activity |
| jurisdiction. What the law says and what happens | | | | and drug use or drug dealing. Additionally the |
| do not appear to line up in this jurisdiction. Under | | | | Caymans are in a number of Mutual legal |
| the Cayman Islands Banks and Trust Companies | | | | Assistance treaties. Take the celebrated case of |
| Law 1995 and in the Confidential Relationships | | | | John M. Masterson. He was the owner of the |
| (Preservation) Law of 1995 banking staff and | | | | defunct Guardian Bank & Trust Limited of Grand |
| government officials face civil and criminal | | | | Cayman, who provided the IRS with over one |
| sanctions if information is disclosed without | | | | year's worth of Cayman bank records on |
| authorization which on the surface sounds good | | | | thousands of U.S. taxpayers hiding funds; despite |
| BUT a number of laws permit the enforcement | | | | Caymanâs secrecy laws and nothing |
| of foreign judgments or the disclosure of | | | | seemed to happen to him? |
| information in response to a court order, | | | | |