Switzerland is still the world's biggest offshorefinancialcentre with $2 trillion in assets.
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Mauritius has expanded its offshorefinancialcentre, spurring construction of tower blocks in Port Louis, in recent years.
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Mauritius has expanded as an offshorefinancialcentre, spurring construction of tower blocks in the capital Port Louis, in recent years.
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Switzerland's tradition of bank secrecy has helped make it the world's biggest offshorefinancialcentre, with $2 trillion in assets.
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Switzerland's tradition of banking secrecy has helped make it the world's biggest offshorefinancialcentre, with $2 trillion in assets.
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The protection of client information has helped to make Switzerland the world's biggest offshorefinancialcentre, with $2 trillion in assets.
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Switzerland's tradition of banking secrecy has helped to make it the world's biggest offshorefinancialcentre, with $2 trillion in assets.
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Jersey is an offshorefinancialcentre widely accused of being a tax haven, but this is a label the island is keen to avoid.
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Tax haven is the term usually used in the media and public, whereas the industry would prefer the term offshorefinancialcentre (OFC).
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But they have been prevented from doing so in full by strict secrecy laws, which have helped make Switzerland the world's biggest offshorefinancialcentre.
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With a population of barely 55,000, the renowned offshorefinancialcentre enjoys one of the highest living standards in the Caribbean.
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The G20 crackdown has pressured many offshorefinancialcentres to sign co-operation treaties.
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Most are offshorefinancialcentres also targeted by international watchdogs for loose banking regulation and harmful tax practices.
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Just because some individuals may have used offshorefinancialcentres for illegal purposes does not mean that everyone does.
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As long as large sanctions are not imposed on them, offshorefinancialcentres won't spontaneously abandon this lucrative business.
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As global inequality rises, the companies located in offshorefinancialcentres refocus their activity on a smaller but wealthier clientele.