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Podcast: Macroaggressions
Episode: #564: The Deep Waters Of Offshore Banking
Description: There is over $30 trillion sloshing around the world in offshore banking havens such as the Cayman Islands, the British Virgin Islands, Bermuda, and Switzerland. The world runs on dark money, and banking secrecy in a willing jurisdiction requires executives with specialized skills in tax avoidance, corporate structure, banking, and discretion.
The biggest public relations disaster in offshore banking happened when the “Panama Papers” were released, and over 100,000 clients had their shareholder identification publicized to the world. The reporter covering this story ended up the victim of a car bomb just a year later.The Octopus of Glob...