GLOBALISATION

NEW TECHNOLOGIES

UNDERGROUND ECONOMIES

FINANCIAL DE-REGULATION

PROGRESS OF EUROMARKET

UNDER REGULATED FINANCE CENTRES

Jurisdictions which offer high levels of secrecy, and a variety of financial mechanisms and institutions providing anonymity for the beneficial owners, are highly attractive to criminals for a wide variety of reasons including the potential cover and protection they offer for money laundering and various exercises in financial fraud.

However, offshore financial centres and bank secrecy jurisdictions differ in many ways, for instance, what services they provide, the level of anonymity and secrecy they may offer through locally legal structures, and their willingness to cooperate with international law enforcement investigations.