offshore

(redirected from Off-Shore Banks)
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Related to Off-Shore Banks: Swiss banks

offshore

based or operating abroad in places where the tax system is more advantageous than that of the home country

offshore

[′ȯf¦shȯr]
(geology)
The comparatively flat zone of variable width extending from the outer margin of the shoreface to the edge of the continental shelf.
References in periodicals archive ?
The off-shore banks are Arab Banking Corp (ABC, Baa3 review for downgrade; D+/Ba1 review for downgrade), Gulf International Bank (GIB, A3 review for downgrade; D+/Ba1 review for downgrade), Investcorp Bank (Ba2 negative; D/Ba2 negative), and United Gulf Bank (UGB, Ba1 negative; D-/Ba3 negative), according to the report.
The Observer alleged that PM secretly siphoned off millions of pounds to off-shore banks accounts, involved in money laundering and purchased costly flats in London.
Fitch anticipates that even larger banks could see their liquidity somewhat pressured, if their off-shore banks eventually face a deposit run or a decrease in other funding sources, and they attempt to access short term liquidity provided by their related Guatemalan bank.
Chandigarh, Nov 17 (ANI): Senior Bharatiya Janata Party (BJP) leader LK Advani on Thursday urged the central government to divulge the name of three lawmakers who had stashed black money in off-shore banks.
Measures to strengthen the banking system, including better scrutiny of off-shore banks, as well as reversal of dollarization would be viewed positively.