Past IMF Staff Assessments on Offshore Financial Centers (OFCs)

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Last Update: October 03, 2019

On May 30, 2008, the Executive Board of the International Monetary Fund (IMF) agreed to integrate the offshore financial center (OFC) assessment program with the Financial Sector Assessment Program (FSAP). Since 2008, the IMF has not used or maintained the list of Offshore Financial Centers. The OFC program, inaugurated in 2000, has helped to strengthen regulation and supervision, and to improve compliance with supervisory standards in offshore jurisdictions. The integration of the program with the FSAP aims to (i) facilitate a more uniform and risk-based approach to financial sector surveillance and improve coordination of Fund analysis across jurisdictions; (ii) provide for a better allocation of Fund resources, with a specific focus on the small number of OFCs that account for the overwhelming volume of offshore activity and could be expected to pose major financial system risks; and (iii) eliminate the need to maintain a potentially discriminatory list of OFC jurisdictions. This webpage lists the OFC assessments prior to the 2008 Board decision to integrate the OFC assessment program with the FSAP. For further information on the OFC assessment program and the 2008 proposal for integration with the FSAP, please see the detailed report and supplemtary information.

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Past Offshore Financial Center Assessments

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A

Andorra, Principality of

Assessment of Financial Sector Supervision and Regulation - February 16, 2007 (582 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector - August 31, 2002 (564 k pdf file)

Anguilla, United Kingdom-British Overseas Territory

Assessment of the Supervision and Regulation of the Financial Sector---Review of Financial Sector Regulation and Supervision - October 30, 2003 (370 k pdf file)

Aruba, Kingdom of the Netherlands

Offshore Financial Center Assessment - June 30, 2002 (6177 k pdf file)

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B

Bahamas, The

Assessment of the Supervision and Regulation of the Financial Sector--Review of Financial Sector Regulation and Supervision - April 30, 2004 (442 k pdf file)

Belize

Assessment of the Supervision and Regulation of the Financial Sector--Review of Financial Sector Regulation and Supervision - August 30, 2004 (412 k pdf file)

Bermuda

Assessment of the Supervision and Regulation of the Financial Sector - October 16, 2008 (866 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector: Volume I--Review of Financial Sector Regulation and Supervision - January 30, 2005 (613 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector: Volume II--Detailed Assessment of Observance of Standards and Codes - January 30, 2005 (1050 k pdf file)

British Virgin Islands, Overseas Territory of the United Kingdom

Assessment of the Supervision and Regulation of the Financial Sector, Volume II: Detailed Assessment of Observance of Standards and Codes - February 28, 2004 (987 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector, Volume I--Review of Financial Sector Regulation and Supervision - February 28, 2004 (442 k pdf file)

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C

Cayman Islands

Assessment of the Supervision and Regulation of the Financial Sector--Volume II--Detailed Assessment of Observance of Standards and Codes - March 11, 2005 (1179 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector: Volume I--Review of Financial Sector Regulation and Supervision - March 11, 2005 (583 k pdf file)

Cook Islands

Assessment of the Supervision and Regulation of the Financial Sector, Volume I--Review of Financial Sector Regulation and Supervision - October 30, 2004 (561 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector, Volume II--Detailed Assessment of Observance of Standards and Codes - October 30, 2004 (876 k pdf file)

Cyprus

Cyprus: Detailed Assessments of Observance of Standards and Codes for Banking Supervision, Insurance Supervision, and Securities Regulation - October 23, 2006 (962 k pdf file)
Cyprus: Assessment of Financial Sector Supervision and Regulation, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Securities Regulation - October 10, 2006 (501 k pdf file)
Cyprus -- Assessment of the Offshore Financial Sector - July 30, 2001 (1006 k pdf file)
Cyprus -- Assessment of Implementation of the Basel Core Principles for Effective Banking Supervision in Respect of the Offshore Sector - July 30, 2001 (949 k pdf file)

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G

Gibraltar, Overseas Territory of the United Kingdom

Assessment of Financial Sector Supervision and Regulation including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Anti-Money Laundering and Combating the Financing of Terrorism - May 21, 2007 (428 k pdf file)
Detailed Assessment Report of Observance of the Basel Core Principles - May 21, 2007 (340 k pdf file)
Detailed Assessment Report of Observance of the Insurance Core Principles - May 21, 2007 (342 k pdf file)
Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism - May 21, 2007 (1595 k pdf file)
Gibraltar -- Assessment of the Regulation and Supervision of Financial Services - October 31, 2001 (558 k pdf file)

Guernsey, Crown Dependency of the United Kingdom

Assessment of the Supervision and Regulation of the Financial Sector Volume I--Review of Financial Sector Regulation and Supervision - October 30, 2003 (466 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector Volume II--Detailed Assessment of Observance of Standards and Codes - October 30, 2003 (1380 k pdf file)

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I

Isle of Man, Crown Dependency of the United Kingdom

Assessment of the Supervision and Regulation of the Financial Sector Volume I--Review of Financial Sector Regulation and Supervision - October 30, 2003 (456 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector Volume II--Detailed Assessment of Observance of Standards and Codes - October 30, 2003 (1125 k pdf file)

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J

Jersey, Crown Dependency of the United Kingdom

Assessment of the Supervision and Regulation of the Financial Sector Volume I--Review of Financial Sector Regulation and Supervision - October 30, 2003 (500 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector Volume II--Detailed Assessment of Observance of Standards and Codes - October 30, 2003 (1396 k pdf file)

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L

Liechtenstein

Assessment of the Supervision and Regulation of the Financial Sector Volume I--Review of Financial Sector Regulation and Supervision - August 01, 2003 (417 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector Volume II--Detailed Assessment of Observance of Standards and Codes - August 01, 2003 (980 k pdf file)

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M

Macao Special Administrative Region of the People's Republic of China

Assessment of the Regulation and Supervision of the Financial Sector - August 31, 2002 (927 k pdf file)

Malaysia

Labuan, Malaysia: Assessment of the Supervision and Regulation of the Financial Sector-Review of Financial Sector Regulation and Supervision - July 30, 2004 (312 k pdf file)

Monaco

Assessment of the Supervision and Regulation of the Financial Sector Volume I--Review of Financial Sector Regulation and Supervision - May 30, 2003 (428 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector Volume II--Detailed Assessment of Observance of Standards and Codes - May 30, 2003 (610 k pdf file)

Montserrat, United Kingdom-British Overseas Territory

Assessment of the Supervision and Regulation of the Financial Sector---Review of Financial Sector Regulation and Supervision - October 30, 2003 (335 k pdf file)

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N

Netherlands Antilles, Kingdom of the Netherlands

Assessment of the Supervision and Regulation of the Financial Sector Volume I--Review of Financial Sector Regulation and Supervision - August 26, 2004 (503 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector Volume II-- Detailed Assessment of Observance of Standards and Codes - August 26, 2004 (981 k pdf file)

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P

Palau, Republic of

Assessment of the Supervision and Regulation of the Financial Sector--Volume II: Detailed Assessment of Observance of Standards and Codes - June 23, 2004 (559 k pdf file)

Assessment of the Supervision and Regulation of the Financial Sector--Volume I-Review of Financial Sector Regulation and Supervision - June 23, 2004 (369 k pdf file)

Panama

Assessment of Financial Sector Supervision and Regulation, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Securities Regulation - February 15, 2007 (442 k pdf file)

Detailed Assessments of Observance of Standards and Codes for Banking Supervision, Insurance Supervision, and Securities Regulation - February 15, 2007 (437 k pdf file)
Banking Sector Assessment, August 2001 - August 31, 2001 (852 k pdf file)

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S

Samoa

Assessment of Financial Sector Supervision and Regulation including Report on the Observance of Standards and Codes on Banking Supervision - June 29, 2007 (312 k pdf file)
Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision - June 29, 2007 (488 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector-Review of Financial Sector Regulation and Supervision - June 24, 2004 (493 k pdf file)

Seychelles

Assessment of the Supervision and Regulation of the Financial Sector--Review of Financial Sector Regulation and Supervision - October 30, 2004 (300 k pdf file)

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T

Turks and Caicos Islands

Assessment of the Supervision and Regulation of the Financial Sector--Review of Financial Sector Regulation and Supervision - August 31, 2004 (554 k pdf file)

V

Vanuatu

Assessment of the Supervision and Regulation of the Financial Sector Volume I--Review of Financial Sector Regulation and Supervision - July 30, 2003 (723 k pdf file)
Assessment of the Supervision and Regulation of the Financial Sector Volume II--Detailed Assessment of Observance of Standard and Codes - July 30, 2003 (625 k pdf file)

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Past IMF Staff Assessments on Offshore Financial Centers (OFCs)

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Past Offshore Financial Center Assessments

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<b>I</b>

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<b>J</b>

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<b>L</b>

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<b>M</b>

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<b>N</b>

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<b>P</b>

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<b>S</b>

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<b>T</b>

<b>V</b>

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IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

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