Which Offshore Jurisdiction? The Blacklist Issue

These late few years, the so-called tax havens have been scrutinized by various international organizations, such as the OECD. The September 11 events have increased public suspicion concerning the use of offshore companies as support to terrorist activities. Hence, it is safer to pick a jurisdiction that is not blacklisted, and which abides by the recommendations of international organizations, regarding money laundering and criminal activities, while preserving its main assets (i.e.: confidentiality and tax regime.)

The following questions have been addressed in this article:

What is the FATF?
What influence does the OECD have regarding offshore jurisdictions?
What about the pressures from the international banking community?
How is it possible for an offshore jurisdiction to limit criminal activity?
What can be expected in the future?


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