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Offshore Financial Services Chart


International Narcotics Control Strategy Report
Bureau for International Narcotics and Law Enforcement Affairs
March 2002
Report
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Jurisdictions

Offshore Banks

Trust & Management Companies

IBCs/Exempt and/or Restricted Companies

Bearer Shares

Asset Protection Trusts

Insurance and Re-insurance

Sells Economic Citizenship

Internet Gaming

Criminalized Drug Money Laundering (D) & Beyond Drugs (BD)

FATF Noncooperative Exercise

Membership in International Organizations (A,C,CE,F,O,OC, I, S)

The Americas

                     

Anguilla

2

Y

2,792

Y

Y

Y

N

N

BD

 

C, I*1

Antigua and Barbuda

21

Y

12,000

Y

Y

Y

N

Y

BD

R

C, OC

Aruba

2

Y

4,000

Y

N

Y

N

N

BD

 

C, F, O, I*

Bahamas

Y

Y

100,000

N

Y

Y

N

N

BD

RM

C, O,OC, I, S

Barbados

55

Y

4,000

N

Y

Y

N

N

BD

 

C, O, OC, S

Belize

2

Y

15,000

Y

Y

Y

S

Y

BD

R

C, OC, S, I*

Bermuda

N

Y

12,000

N

Y

Y

N

N

BD

R

C, O

British Virgin Islands

13

Y

360,000

Y

Y

Y

N

N

BD

R

C

Cayman Islands

570

Y

45,000

Y

Y

Y

N

N

BD

RM

C, O, I

Costa Rica

44

Y

20

N

N

 

N

Y

BD

R

C, OC, S

Dominica

3

Y

1,100

N

Y

Y

S

Y

BD

NC

C, OC

Grenada

16

Y

4,000

Y

Y

Y

S

Y

BD

NC

C, OC

Guatemala

Y

N

 

Y

N

   

N

BD

NC

OC

Montserrat

15

 

22

Y

 

N

N

N

BD

 

C

Netherlands Antilles

33

Y

20,000

Y

N

 

N

Y

BD

 

C, F, O, I

Panama

34

Y

370,000

 

Y

Y

N

N

BD

RM

C, O, OC, S

St. Kitts & Nevis

     

Y

Y

N

Y

Y

BD

NC

C, OC

(St. Kitts)

N

Y

500

               

(Nevis)

1

Y

22,000

               

St. Lucia

1

Y

100

N

Y

Y

N

N

BD

R

C, OC

St. Vincent & The Grenadines

33

Y

10,135

Y

Y

Y

N

Y

BD

NC

C, OC

Turks and Caicos

8

Y

13,000

Y

Y

Y

N

N

BD

R

C, I

Uruguay

12

N

Y

Y

N

Y

N

N

BD

R

OC, S

Europe

                     

Cyprus

29

Y

52,000

N

Y

Y

N

N

BD

R

CE, O, S

Gibraltar

21

Y

8,300

Y

Y

Y

N

Y

BD

R

O, I

Guernsey2

71

Y

7,500

N

N

Y

N

N

BD

R

O, I, S

Alderney

N

Y

455

 

N

 

N

Y

     

Sark

N

Y

   

N

 

N

N

     

Hungary

N

N

600

Y

N

N

N

N

BD

NC

CE

Ireland

N

Y

40,000

N

N

Y

N

N

BD

 

F, S

Isle of Man2

Y

Y

24,300

Y

N

Y

N

N

BD

R

O, I, S

Jersey2

Y

Y

20,000

N

N

Y

N

N

BD

R

O, I, S

Liechtenstein2

17

Y

75,000

Y

N

Y

N

N

BD

RM

CE

Luxembourg2

200

Y

68,000

Y

N

Y

N

N

BD

 

F, S

Malta

3

Y

417

N

N

Y

N

N

BD

R

CE, O, S

Monaco

N

 

Y

 

N

 

N

N

BD

R

 

Switzerland2

500

Y

Y

Y

N

 

N

N

BD

 

F, S

"Turkish Republic of No. Cyprus"

40

N

12

 

N

N

N

N

D

   

Africa & Middle East

                     

Botswana

Y

 

Y

               

Bahrain

48

Y

Y

N

N

N

N

 

BD

 

O, S

Liberia

   

Y

Y

Y

 

N

N

N

   

Mauritius

11

Y

10,700

Y

Y

 

N

N

N

R

E, O, S

Madeira (Portugal)

27

Y

4,000

N

N

Y

N

N

BD

   

Seychelles

Y

 

4,800

Y

 

Y

N

Y

BD

R

 

Tunisia

12

 

1,200

 

N

 

N

N

N

 

S

Asia

                     

Brunei

N

 

Y

               

Hong Kong

Y

Y

474,500

N

N

Y

N

N

BD

 

A, F, O, S

Labuan (Malaysia)

54

Y

2,300

N

Y

Y

N

N

BD

 

A, I, O, S

Macau

Y

 

Y

 

N

 

N

N

BD

 

A, O

Philippines

15

             

BD

NC

A, S

Singapore

83

N

Y

N

N

Y

N

N

BD

 

A, F,O, S

Thailand

44

 

N

 

N

 

N

N

BD

 

A, S

Pacific

                     

Cook Islands

25

Y

1,200

Y

Y

Y

N

N

BD

NC

A

Marshall Islands

N

Y

4,000

Y

N

N

N

N

BD

NC

 

Nauru

400

Y

Y

Y

N

Y

Y

N

N

NC

 

Niue

1

Y

6,000

Y

Y

Y

N

N

BD

NC

A

Palau

N

N

N

   

N

N

Y

 

R

 

Samoa

8

Y

4,551

Y

Y

Y

N

N

BD

R

A, I*

Vanuatu

55

Y

2,500

Y

N

Y

N

Y

BD

R

A, O

1A = Asia/Pacific Group; C = Caribbean Financial Action Task Force; CE = Council of Europe Select Committee on Money Laundering; E = Eastern and Southern Africa Anti-Money Laundering Group; F = Financial Action Task Force; I = Offshore Group of Insurance Supervisors (OGIS); I* = Observer to the OGIS; O = Offshore Group of Banking Supervisors; OC = OAS/Inter-American Drug Abuse Control Commission; S = International Organization of Security Commissioners.

2Jersey, Guernsey, the Isle of Man, Liechtenstein, Luxembourg and Switzerland are unique. Residents are able to avail themselves of many OFC services and products normally reserved for nonresidents.



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