A member of the financial watchdog committee at soccer’s ruling body FIFA has been charged with fraud, money-laundering and breach of trust by police in the Cayman Islands. Canover Watson, a vice-president of the Caribbean Football Union and member of FIFA’s Audit and Compliance Committee, was charged with five offences by the Cayman Islands Anti-Corruption […]

Joshua Vandyk, an investment advisor, was sentenced today to serve 30 months in prison for conspiring to launder monetary instruments, the Justice Department and Internal Revenue Service (IRS) announced. Vandyk, a U.S. citizen, and Eric St-Cyr and Patrick Poulin, Canadian citizens, were indicted by a grand jury in the U.S. District Court for the Eastern […]

There seems an increased use of undercover agents by the IRS and other tax authorities in offshore jurisdictions. US v. Robert Bandfield, et al. The indictment in September 2014 of a Belize corporate service provider (CSP) and investment management company in the US is evidence of this trend. In the case US v. Robert Bandfield, […]