[GRADE B — ICIJ leaked database]
The same CIBC that operated the grand jury-subpoenaed Montreal branch maintains 17 offshore entities across Caribbean jurisdictions:
CIBC Trust Co (Bahamas) Ltd., CIBC Bank and Trust Company (Cayman) Ltd., CIBC Global Asset Management (Bermuda), CIBC Offshore Banking Services Corp. (Barbados), CIBC FSC Inc. (Barbados), CIBC WM International Ltd. (Barbados), CIBC International (Barbados) Inc., CIBC World Markets (Japan/Pacific), CIBC Offshore Business Services Corp., plus others. [GRADE B — ICIJ]
The unasked question: Was the Montreal CIBC account connected to CIBC's offshore infrastructure? CIBC Imperial Service is a private banking/wealth management tier. Private banking clients routinely access the same bank's offshore subsidiaries. If the redacted CIBC client had accounts at both CIBC Montreal and CIBC Bahamas or CIBC Cayman, that represents a domestic-to-offshore channel running through a Canadian bank. The 17 offshore CIBC entities are not just context — they are potential destinations for funds that flowed through the Montreal branch. This remains unanswered.