Loading ...I was amused the first time I entered a Barclays Bank in the Cayman Islands ,there in front of me was a sign that said cash deposits of any size will receive 1% less than other posted rates for savings CD’s etc . In effect for 1 % you could launder any amount of cash right there no questions …at that time there was 450 Banks in CAYMAN IS with a population of about 65,000 back then….Every Bank in the US had a Branch there ,and many foreign banks too ,not many were open to the public .I only knew of one ..Barclays..The US branches there were doing business not legal in the US.They had a secrecy law .Any disclosure about the existence of any account was punishable .Most natives worked in Banking ,some worked in Scuba and Hotels ..
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