The Offshore Group of Banking Supervisors as a Mechanism of International Legal Regulation of Financial Offshore Centers

Abstract

This article discusses the conditions of membership and participation in The Offshore Group of Banking Supervisors (OGBS), its activities and objectives, as well as cooperation in international initiatives in the area of legal regulation of offshore financial centers.

Keywords

• offshore financial center
• money laundering
• legalization of incomes derived from criminal activities
• corruption