Opinion: Transparency International's Cayman ratings are inaccurate | Loop Cayman Islands - Loop News Cayman

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by 'Lawyer'

It is not unusual for parties outside the Cayman Islands to draw negative conclusions about the Cayman Islands without having set a foot in the Cayman Islands. Transparency International did just that in its paper dated April 8, 2020, giving the Cayman Islands low ratings across the board for financial disclosure, conflicts of interest restrictions and regulation of political financing. Only in the area of access to information did Transparency International decide to be semi-generous in its reference to the Cayman Islands.

To be clear, I am not outspoken here about the Paper’s deficiencies because I am a person who loves the Cayman Islands and therefore want to vociferously defend the jurisdiction. Instead, I am defending the Cayman Islands because the paper’s conclusions are objectively incorrect and based on old information.

For example, the paper states that the conclusions are based on data current as of December 2018; however, the paper is dated April 8, 2020. This is two years later. To be fair, Transparency International should have updated their data as of April 8, 2020 so that they could be clear that they were drawing conclusions from valid data.

The second concern is that the paper claims that the data produced was “sent to in-country experts for feedback on accuracy on relevance,” however, the names of the experts do not appear within the...



Read Full Story: https://cayman.loopnews.com/content/transparency-international-publishes-inaccurate-cayman-ratings

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