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Dubai News Club > Business > Offshore centres: trade in secrecy is big business for small islands
Business

Offshore centres: trade in secrecy is big business for small islands

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Last updated: 2022/06/20
Press Room
Published: June 20, 2022
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Offshore centres: trade in secrecy is big business for small islands
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Offshore financial centres specialise in low-profile ownership arrangements for the wealthy. They cannot be enjoying their current blaze of publicity. Scrutiny is high because Russian oligarchs habitually use offshore centres. Enemies of UK chancellor Rishi Sunak have also asked whether these bolt-holes feature in his family’s controversial finances.

Providing sophisticated legal and financial services — and protection from tough onshore disclosure rules — are a big business for…

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