financial secrecy
Financial secrecy refers to the deliberate act of concealing or withholding financial information or transactions from public knowledge or regulatory authorities, often through the use of shell companies, offshore accounts, and complex strategies, thereby enabling individuals or organizations to protect their wealth, avoid taxes, and maintain privacy.
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Related Concepts (1)
Similar Concepts
- bank secrecy
- corporate secrecy
- financial accountability
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- financial efficiency
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- financial intelligence
- financial oversight
- financial regulation
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- secrecy