Recommended Offshore Jurisdictions:
Guernsey
The Guernsey Financial Services Commission (G.F.S.C.) has made this jurisdiction one of the most closely monitored in Europe. It should also be noted that Guernsey has a tax treaty with the United Kingdom and that this contains exchange of information provisions relating to tax avoidance.
Banks must provide beneficial ownership details to the G.F.S.C. In addition, on the formation of companies specific questions are asked as to whether the entity is being formed for UK. tax avoidance purposes and, if so, exactly the taxes in question. As with all other respectable European offshore jurisdictions information will be released if illicit transactions are claimed.
Most of the recent UK Criminal Justice Act provisions tightening up money laundering and anti-drug enforcement regulations are currently being redrafted for local implementation.
Bank & Jurisdiction Confidentiality Rating: 4 Stars
Bank System Rating: 4 Stars |
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