Offshore Finance

This book was first published in 2006. It is estimated that upto sixty percent of the world's money may be located offshore,where half of all financial transactions are said to take place;however, there is a perception that secrecy about offshore isencouraged to obfuscate tax evasion and money laundering. McCannprovides a detailed analysis of the global offshore environment,outlining the extent of the information available and how thatinformation might be used in assessing the quality of individualjurisdictions, as well as examining whether some of the perceptionsabout 'offshore' are valid. He analyses the ongoing work of theFinancial Stability Forum, the Financial Action Task Force, theInternational Monetary Fund, the World Bank, and the Organisationfor Economic Cooperation and Development. The book also offers somesuggestions as to what the future might hold for offshorefinance.