11/01/23

From Comment

IFCs In World Finance: Fact vs Fiction

A recent financial secrecy index published by the Tax Justice Network (TJN) implied that countries such as the US are regressing on transparency and international cooperation. IFCs such as the Cayman Islands moved down several places in the index following increased levels of regulation. Furthermore, MPs in the UK have highlighted that the Russia-Ukraine conflict has unveiled high levels of illicit finance in the country. This article considers the disparity between a crafted perception and reality in offshore finance.

Of Trust And Trusts