Reports some recent activities within the Organisation for Economic Cooperation and Development (OECD) which aim to strengthen defences against international economic crime, focusing on offshore financial centres (OFCs) and including cooperation with the Financial Action Task Force. Covers...

Offshore finance, the provision of financial services to non‐residents, includes the traditional bank activities of the borrowing and lending of money together with other services such as fund management, insurance, trust business, tax planning and international business corporations (IBCs)....

The Organisation for Economic Cooperation and Development (OECD) governments recognise that the economic and social benefits of open markets for international trade, investment and capital flows can only be enjoyed fully in an environment of sound regulation and international cooperation....