In the end, taming the
offshore world depends a lot on how much we want to do it.
Many of these
offshore development companies have multiple clients; there is no guarantee that a contracting organization's data, programs and applications will not be duplicated for other clients.
In
offshore engagements, there's a certain contingent of people always on site and you have to learn how to do business with people from different cultures," said MetLife's Mehta.
A promoter or solicitor of the
offshore arrangement in question cannot apply.
Majesco's Ferranti says Kaiser's increasing use of outsourcing for application development is typical, and points out that to realize the value-added benefits available via
offshore outsourcing it is in the best interest of IT organizations to establish solid, long-term relationships with their outsourcing firm of choice.
Raul Salinas, the brother of Mexico's former president, used
offshore shell companies to hide the movement of more than $100 million in drug payoffs through a private investment company named Trocca, according to the October 30,1998, General Accounting Office report "Private Banking: Raul Salinas, Citibank, and Alleged Money Laundering.
residents from offices outside the United States, including offices licensed in
offshore banking centers.
In this market scenario, the
offshore provider who just delivers low value transaction outsourcing will not be able to compete.
There is, for example, considerable evidence that
offshore insurance companies have been used for money laundering.
