Tax haven implications in financial crime
Tax haven implications in financial crime

Summary/Abstract: The term "tax haven" is often incorrectly used to describe a country because from this point of view, we should use the term"financial secrecy jurisdiction". A certain degree of financial and banking secrecy is characteristic of all states, almost all states requiring a certain level of protection for banking and commercial information. Banking and financial secrecy jurisdictions refuse,nearly always, to violate its own laws on banking secrecy, even when it could be a serious violation of the laws of a country.

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