Global Intelligence Center

Offshore Banking

You can never take for granted the renowned advantages offered by private offshore banking services. Secrecy, privacy and anonymity only apply if you execute transactions with banks located in offshore jurisdictions that don’t have treaties with your country of residence.

Swiss government said Wednesday it would seize UBS client data to prevent from being handed over to the US authorities. It is strongest announcement the Swiss authorities have made in the battle against the US Justice Department over the identities of 52,000 American clients at UBS.


An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include greater privacy, low or no taxation, easy access to deposits, and protection against local political or financial instability. But for how much longer?