Panama takes offshore crown

HNWIs seek safe haven on isthmus; But regulatory pressure is growing

cost of International Financial Centre of the Americas 

Offshore banking in Latin America is one of the winners from the global banking downturn, with Panama taking most of the spoils according to a report by Alternative Latin Investor. As a result of collapsing US banks and a weakening dollar, US investors are looking for alternative places to keep their money. In addition, Latin America’s high-net-worth individuals have done relatively well compared with rich people in other regions.

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