Corruption allegations in the Cayman Islands

KINGSTON, Jamaica - The British overseas territories often seem to have the best of both worlds. They are 14 island nations that represent a hangover from Britain's imperial past. On the one hand, they have a high degree of autonomy and constantly agitate for more. But on the other hand, they remain British territory, which gives them a huge advantage as financial centres. Foreign investors like the fact that countries like the Cayman Islands, Bermuda and the British Virgin Islands offer the British rule of law. Left to themselves, the British would have given these islands their independence long ago. But whilst local politicians want the maximum freedom of action, they cling to the British connection because they believe it is to their financial advantage.