UK Committee reportson offshore financial centres
August 19th, 2008 . byThe UK Commons Select Committee on Foreign Affairs published, on 6 July 2008, its seventh report on the UK’s overseas territories and financial offshore centres.
In relation to the regulation of offshore financial services, the report said the UK has strong reasons to ensure that Overseas Territories’ financial industries are well regulated. They present serious risks to the UK’s reputation as well as potential financial liabilities, including compensation costs where the UK has direct …
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