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.
OFFSHORE BOOKING CENTERS
Meaning of OFFSHORE BOOKING CENTERS in English
UNODC Money-Laundering terms English dictionary. Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам. 2012