In general, all jurisdictions can be divided into classic offshore, low-tax jurisdictions and prestigious jurisdictions. A jurisdiction’s prestige is equivalent to its ranking, determined by taking into account and evaluating information from the International Sanctions List, the OECD Grey- or Blacklist and the EU Jurisdiction White List, and data regarding the development of financial markets, and establishing whether the jurisdiction is FATF AML deficient and whether it poses any money-laundering concerns. These are the basic criteria that matter when determining whether the jurisdiction is prestigious or not. It cannot be viewed as prestigious if it appears on any financial blacklist.

Bextol Anderson , Jul 10 2021 on