OFFSHORE BANKING UNIT


Meaning of OFFSHORE BANKING UNIT in English

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.

UNODC Money-Laundering terms English dictionary.      Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам.