Offshore banking topic is infrequently explained by academicians and scholars in their researches and written articles. Offshore banks do not exist in all countries, unlike the conventional one. Hence, information regarding the offshore...
moreOffshore banking topic is infrequently explained by academicians and scholars in their researches and written articles. Offshore banks do not exist in all countries, unlike the conventional one. Hence, information regarding the offshore banking system is limited. Offshore banks collect and distribute large amount of money in international financial system. This bank type has negative perception among world societies, mainly after 9/11 incident in New York. This bank was accused as the bank that facilitating terrorists with its money to perform their terrorism act, crashing WTC building with their hijacked airplane.This article aims to acquaint offshore banking basic concept to public, particularly to this article's readers. As the writer found that there is still lack of journal articles discussing this bank type, I intend to enrich its literatures and references. This article is expected to be useful for those who want to understand offshore banking in brief explanation and financial crime inside the offshore banking system.
