OFFSHORE BOOKING CENTERS


Meaning of OFFSHORE BOOKING CENTERS in English

An offshore financial center used by international banks as a location for 'shell branches' to book certain deposits and loans. Such offshore bookings are often utilized to avoid regulatory restrictions and taxes.

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