If the deposit of undisclosed assets was stopped today around the world, we would have enough money to educate our children, keep them well-fed and healthy, and begin to treat our environment with respect, to say nothing of infrastructure repair.
For this reason among many others W-T-W focuses on efforts to disclose offshore deposits around the world. Singapore is Asia’s largest private banking center with offshore assets of about $850 billion, Boston Consulting Group data shows. Singapore is the second largest offshore center trailing only Switzerland which remains the world’s largest offshore financial center with about $2.2 tn of assets.
Andreas Frank Database: 1991 to Present
More about:
Singapore No 2 in Offshore Deposits
Offshore Assets comply with US Tax Law
Singapore moving to no 1 in Offshore Assets
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