| 41. | Cook promised more help to identify drug money laundering operations, and called for better regulation of offshore banks.
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| 42. | International pressure has forced Grenada to close more than 40 offshore banks, leaving fewer than nine in operation.
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| 43. | With no corporate or personal income tax, Bermuda has become a haven for insurance companies and offshore banks.
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| 44. | The government estimates that 1 million U . S . citizens hold undisclosed credit cards from offshore banks.
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| 45. | There are currently 12 offshore banks operating out of Anguilla _ down from about 100 five years ago.
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| 46. | Many Thai companies also financed growth and expansion by taking out loans in foreign currencies through offshore banks.
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| 47. | Foreign holding companies and offshore banks that accept deposits from foreigners are big business in many Caribbean islands.
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| 48. | But Cook wants them to force the highly secretive offshore banks to open their books to foreign investigators.
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| 49. | For instance, offshore banks are likely to consolidate their operations and become more selective in their lending operations.
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| 50. | In Antigua and Barbuda, the number of offshore banks has dropped from 90 to 15 in five years.
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