Coordinated initiatives against the offshore world will continue to reshape the private client investment industry in all tax-neutral centres. On shore agencies making such initiatives include: The Group of Seven, the Organization for Economic Co-operation & Development, the Financial Action Task Force and the US Internal Revenue Service’s "Qualified Intermediary". Despite bravado by some smaller jurisdictions indicating they plan to ignore the wishes of these agencies, it has become apparent that in today’s global, interdependent economic world "no island is an island". Sooner or later, all offshore jurisdictions will accept G7 dominance over global financial affairs and come to terms with these initiatives. In the interim, further stratification is expected between legitimate "white list" countries and illegitimate "black list" jurisdictions.
