Implementing International Financial Standards in the Offshore Financial Centres
Abstract
Offshore finance, the provision of financial services to non‐residents, includes the traditional bank activities of the borrowing and lending of money together with other services such as fund management, insurance, trust business, tax planning and international business corporations (IBCs). Defining offshore financial centres is more problematic, since practically all financial centres provide some offshore financial facilities. A recent IMF background paper gives a good working definition of an OFC:
Citation
Witherell, W. (2002), "Implementing International Financial Standards in the Offshore Financial Centres", Journal of Financial Crime, Vol. 9 No. 4, pp. 326-329. https://doi.org/10.1108/eb026031
Publisher
:MCB UP Ltd
Copyright © 2002, MCB UP Limited