offshore bank

Frequency: 7.814.5 per million words

A bank located in a jurisdiction different from that of its depositors.

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Examples (10)

  • Many wealthy individuals utilize an offshore bank to manage their assets.
  • Setting up an offshore bank account can offer certain financial advantages.
  • The company decided to open an offshore bank in the Cayman Islands.
  • Regulations for an offshore bank are often different from domestic banks.
  • He was advised to consult a specialist before dealing with an offshore bank.
  • The investigation revealed several illegal transactions through an offshore bank.
  • She has held her savings in an offshore bank for over a decade.
  • Before choosing an offshore bank, research its reputation and security.
  • The new tax laws might impact those with an offshore bank account.
  • An offshore bank typically operates outside the jurisdiction of the depositor's country.