Many stories and tall tales are told about the secrecy surrounding offshore banking. The truth is, while all offshore banking communities place a high value of protecting the anonymity of their clients, in many countries – especially the UK and in many parts of Europe – it has become easier and easier for authorities to obtain information about the activities and transactions of offshore bank accounts.
This is not an issue for the majority of the clients who come to us looking to establish an offshore bank account. However, there are still enough individuals, corporations and trading companies for whom absolute privacy is of utmost importance when determining at which offshore bank they will establish an account.
That being said, even in Europe the relationship between a banker and his customer is as sacrosanct as the one between a lawyer and client, so it really comes down to a mater of degrees.