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ofc shadow banking centre. [ ] during april–june , the fsf – imf produced the first list of – ofcs using a qualitative approach. in april , the imf produced a revised quantitative-based list of ofcs, [c] and in june , another revised quantitative-based list of eight major ofcs, who are responsible for
% of ofc financial flows (which includes, ireland, the caribbean, [d] luxembourg, singapore, hong kong and the netherlands). [ ] the removal of currency and capital controls, the early driver for the creation and use of many ofcs in the s and s, [e] saw taxation and/or regulatory regimes become the...
https://en.wikipedia.org/wiki/Offshore_financial_centre