offshore banking
US /ˌɔːfʃɔːr ˈbæŋkɪŋ/
UK /ˌɔːfʃɔːr ˈbæŋkɪŋ/
1.
offshore banking, buitenlandse bankzaken
the practice of using banks in foreign countries, typically those with lower taxes and less regulation, to hold money or assets
:
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Many wealthy individuals engage in offshore banking to minimize their tax liabilities.
Veel rijke individuen doen aan offshore banking om hun belastingverplichtingen te minimaliseren.
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The new regulations aim to curb illegal activities associated with offshore banking.
De nieuwe regelgeving is gericht op het beteugelen van illegale activiteiten die verband houden met offshore banking.