Offshore Banking Case Study
LAW OF BANKING AND NEGOTIABLE INSTRUMENTS
2015-2016
Offshore Banking
Registration Number-: 13B123
Semester V
Submitted to -: Ms. Garima Goswami
ABSTRACT
Offshore banking is a highly misunderstood concept. It is mostly always related to or paired with fraudulent activities such as money laundering, tax evasion and the crime or terror market.
Keeping the common perception of the concept of offshore banking in mind, this paper aims to look at the other unexplored aspects of offshore banking as well, the ease or convenience of having an offshore bank account. In this regard, it is to be primarily understood what an offshore bank is and the advantages or disadvantages one might face by being a holder of an offshore bank account.
Offshore banking has always been under a scanner and faced heavy criticism in many a regard. The reasons for the same will also be discussed through this paper.
Swiss Banks, the most famous type of offshore banks that exist, has been taken up as a case study, to discuss its evolution and functioning. It is also to be learned that Swiss banks, though may seem like one that can only be accessed by the rich, as it may
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