Owen Smith has accepted almost £70,000 worth of donations from a businessman whose company was incorporated in the Cayman Islands. Smith took £67,550 from financial services guru Anthony Watson to help pay the rent for his campaign office. As Guido has previously revealed, Watson’s company Uphold Inc was originally registered in the Caymans. He took charge of the firm in April 2015, when it went by the name Bitreserve. U.S. Securities and Exchange Commission documents seen by Guido show that Bitreserve’s jurisdiction of incorporation was the Caymans. Its address is a PO box.

The largest donor to the Owen Smith campaign runs a company incorporated in the tax-free Caymans…