A bank in Cyprus, or any other financial center with similar organizations; not allowed to conduct business in the domestic market, only with other OBUs or with foreign persons.
OFFSHORE BANKING UNIT
Meaning of OFFSHORE BANKING UNIT in English
UNODC Money-Laundering terms English dictionary. Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам. 2012