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ARTICLE · 06 JULY 2022

A Jurisdiction That Resolves Trust Issues

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

With a heritage that dates back to 1898, Carey Olsen is one of the most established and...

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The world abounds with distrust and problems that are threatening globalisation and economies – arising from (among other things) the war in Ukraine, COVID-19, climate change, terrorism, corruption and disinformation spread through social media.

BermudaFinance and Banking

The world abounds with distrust and problems that are threatening globalisation and economies – arising from (among other things) the war in Ukraine, COVID-19, climate change, terrorism, corruption and disinformation spread through social media. Many governments' coffers have been considerably depleted by the impact of these crises and attempts to address them.

In the meantime, many individuals and families with significant wealth have seen their fortunes grow considerably despite these crises. In this environment, misassumptions may readily run rife. So called 'offshore financial services centres' are often targeted by the media, civil society bodies and international bodies such as the OECD and the EU as being part of the problem: believed to be depriving governments of tax revenue that governments may properly apply for wider parts of society, hiding funds that have been laundered or intend to be used by terrorists.

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