OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
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Offshore or onshore who’s worse?
David Marchant
Posted: Thursday, July 5, 2012 11:47 AM
Joined: 9/13/2007
Posts: 443


The Cayman Islands Journal: The Offshore Alert conference in Miami in May presented once again the whole spectrum of opinions with regard to offshore financial centres, describing their function as anything from “parasitic” to “greasing the wheels of the global financial system”. Onshore jurisdictions, however, also received their fair share of criticism for ineffective tax policy, lack of compliance and corporate services that facilitate crime.

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On Correspondent Bank Accounts ... the Achilles Heel of Offshore Banking
Dan Reeves
  If you blinked, you probably missed the news.  On January 29, 2013, a federal judge sitting in New York City authorized the IRS to issue a John Doe summons to UBS AG in Stamford, Connecticut for the correspondent bank records of Wegelin Bank of Switzerland and at least two other Swiss banks that nested their