Former Bermuda Attorney General Calls for Abolition of Bank Secrecy and Use of Shell Banks

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Saturday, February 1, 1997
Author: 
Bruce Zagaris
Volume: 
13
Issue: 
2
50-51
Abstract: 
In recent months international business media have carried reports of the call by former Bermuda attorney general Saul Froomkin, Q.C., for the abolition of both bank secrecy and the use of shell banks, stating these are mechanisms exploited by illegal businesses and drug traffickers to protect their operations ... [more]