illegal offshore accounts
Illegal offshore accounts refer to bank accounts, investments, or assets held by individuals or entities in foreign countries, which are established with the intention to evade taxes, hide illicitly obtained money, facilitate money laundering, or engage in other illegal activities prohibited by the law of their home country.
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Related Concepts (1)
Similar Concepts
- international tax evasion
- offshore banking
- offshore drilling
- offshore financial centers
- offshore investments
- offshore oil reserves
- offshore reinsurance
- offshore tax evasion
- offshore tax havens
- offshore tax shelters
- penalties for offshore tax evasion
- penalties for tax evasion through complex overseas structures or trusts
- repatriation of offshore profits
- tax havens
- tax havens and illicit financial flows