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Where are the Risk Money Laundering locations?
We are focusing this article on the so called ‘tax havens’. They are mostly located in small offshore locations around the world, most notably in the Caribbean. So ‘Where are the risk money laundering jurisdictions?’, read on to find out and click through for detail about each.
The main locations at risk of money laundering and tax evasion are;
- The British Virgin Islands
- The Cayman Islands
- The Channel Islands
- Hong Kong
- The Isle of Man
- The Marshall Islands
- St Kitts and Nevis
- US Virgin Islands
FATF (Financial Action Task Force) monitor and evaluate jurisdictions globally for money laundering and terrorist financing. They have a list of countries in default or on ‘grey lists’. The list produced here is more related to tax and money laundering risk for the wealthy and where they ‘hide’ their revenue.