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Factors behind the resurgence of private offshore banking

According to research conducted by the National Bureau of Economic Research, roughly 10 percent of the world’s Gross Domestic Product is being held in offshore banks. Throughout Europe, that number is closer to 15 percent. In some Persian Gulf countries, it is as high as 60 percent.

Senior Vice President of Caye International Bank

Luigi Wewege is the Senior Vice President of Caye International Bank, author of The Digital Banking Revolution, co-authored economic research presented before the U.S. Congress and currently serves as an Instructor at the FinTech School + Speaker for Silicon Valley Innovation Centre.