Statements (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:financial_services_company
|
| gptkbp:alternativeTo |
Domestic banks
Onshore banks |
| gptkbp:criticizedFor |
Lack of transparency
Enabling tax avoidance Facilitating illicit activities |
| gptkbp:defines |
Banks located outside the depositor's country of residence
|
| https://www.w3.org/2000/01/rdf-schema#label |
Offshore Banks
|
| gptkbp:location |
gptkb:Cayman_Islands
gptkb:Isle_of_Man gptkb:Luxembourg gptkb:Singapore gptkb:Switzerland |
| gptkbp:notableClient |
gptkb:Foundations
Corporations High-net-worth individuals Trusts |
| gptkbp:notableEvent |
gptkb:Panama_Papers_leak
gptkb:Paradise_Papers_leak |
| gptkbp:purpose |
Asset protection
Confidentiality Tax optimization |
| gptkbp:regulates |
International agreements
Local financial authorities Subject to local jurisdiction laws |
| gptkbp:relatedConcept |
International finance
Bank secrecy Offshore company Shell company Tax haven |
| gptkbp:reputation |
gptkb:Secrecy
Financial privacy Tax havens |
| gptkbp:riskFactor |
Money laundering
Bank failure Tax evasion Political risk Regulatory scrutiny |
| gptkbp:services |
Wealth management
Private banking Investment services Multi-currency accounts International wire transfers |
| gptkbp:subject |
CRS (Common Reporting Standard)
FATCA (Foreign Account Tax Compliance Act) International anti-money laundering regulations |
| gptkbp:bfsParent |
gptkb:Numbered_Account
|
| gptkbp:bfsLayer |
7
|