Legal regulation of offshore banks in some jurisdictions

The paper presents a comparative legal analysis of the activities of bank credit organizations in different jurisdictions. The author reveals some aspects of legal regulation of offshore banks functioning in countries like Panama, Switzerland and Monaco. In particular, it describes the control and supervisory powers of the state in relation to offshore banks, summarizes the features of taxation and licensing of their activities. In addition, the author provides specific indicators on the taxation of the studied offshore jurisdictions. Banking is considered through tax relations. Various points of view of Russian scientists on this issue are presented, including their economic rather than legal orientation, which confirms the relevance and timeliness of the study. The conclusion about the position of offshore banks in Panama, Switzerland and Monaco is formulated.