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The US may be suspicious of the probity of offshore centres but most of the islands are already compliant with international regulations and in many cases surpass US lawIf you are a tourist swinging in a hammock beachside somewhere in the Cayman Islands, Bermuda, Bahamas or the British Virgin Islands (BVI), life is probably very tranquil. But if you are a bank, insurance company or any other financial institution with a base in one of these four island countries, life has been anything but of late.

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