Maldives slips to 94 on financial secrecy scale
The Maldives country report shows there is either partial or no public online access to information about bank secrecy and wealth registration.
31 Jan 2018, 9:00 AM
The Maldives has slipped to 94 on a global financial secrecy scale rating countries on their laws regarding the transparency of ownership structures, bank secrecy rules, financial reporting and disclosure requirements.
It was 79th in 2013 and 61st in 2011, meaning it has become more financially secretive over the years.
Rankings released Tuesday night from the Tax Justice Network show that the Maldives accounts for less than 0.1 percent of the global market for offshore financial services, making it a tiny player compared with other secretive financial jurisdictions such as the US and Switzerland.
The latest country report shows there is either partial or no public online access to information about bank secrecy and wealth registration.
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