Cayman Islands uncovers 'significant flaws' in financial secrecy index

Mark Battersby
clock • 3 min read

Significant flaws in the Tax Justice Network's ‘Financial Secrecy Index' choice of data and scoring have rendered the 2020 report an unreliable source for accurate information about the Cayman Islands financial services industry, according to a new study released by Cayman Finance. The ‘Review of TJN's Financial Secrecy Index' by economist Julian Morris said "future TJN reports will also lack credibility without critical changes in the application of their own methodology". Ahead of the anticipated publication of the other TJN reports this autumn, Cayman Finance commissioned the revie...

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