The British Virgin Islands (BVI), officially the Virgin Islands, are a British Overseas Territory in the Caribbean, to the east of Puerto Rico and the US Virgin Islands and north-west of Anguilla. The islands are geographically part of the Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles and part of the West Indies.
The CaymanIslands is a self-governing British Overseas Territory, and the largest by population. The 264-square-kilometre (102-square-mile) territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located south of Cuba and north-east of Honduras, between Jamaica and Mexico's Yucatán Peninsula. The capital city is George Town on Grand Cayman, which is the most populous of the three islands.
The economy of the Cayman Islands, a British overseas territory located in the western Caribbean Sea, is mainly fueled by the tourism sector and by the financial services sector, together representing 50–60 percent of the country's gross domestic product (GDP). The Cayman Islands Investment Bureau, a government agency, has been established with the mandate of promoting investment and economic development in the territory. Because of the territory’s strong economy and it being a popular banking destination for wealthy individuals and businesses, it is often dubbed the ‘financial capital’ of the Caribbean.
Under the Basic Law, the Hong Kong Special Administrative Region is exclusively in charge of its internal affairs, whilst the central government of China is responsible for its foreign affairs and defence. As a separate customs territory, Hong Kong maintains and develops relations with foreign states and regions, and plays an active role in such international organisations as World Trade Organization (WTO) and the Asia-Pacific Economic Cooperation (APEC) in its own right under the name of Hong Kong, China. Hong Kong participates in 16 projects of United Nations Sustainable Development Goals.
Money laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime.
The Turks and Caicos Islands are a British Overseas Territory consisting of the larger Caicos Islands and smaller Turks Islands, two groups of tropical islands in the Lucayan Archipelago of the Atlantic Ocean and northern West Indies. They are known primarily for tourism and as an offshore financial centre. The resident population in 2023 was estimated by The World Factbook at 59,367, making it the third-largest of the British overseas territories by population. However, according to a Department of Statistics estimate in 2022, the population was 47,720.
Kleptocracy, also referred to as thievocracy, is a government whose corrupt leaders (kleptocrats) use political power to expropriate the wealth of the people and land they govern, typically by embezzling or misappropriating government funds at the expense of the wider population. One feature of political-based socioeconomic thievery is that there is often no public announcement explaining or apologizing for misappropriations, nor any legal charges or punishment levied against the offenders.
The Bank of Credit and Commerce International (BCCI) was an international bank founded in 1972 by Agha Hasan Abedi, a Pakistani financier. The bank was registered in Luxembourg with head offices in Karachi and London. A decade after opening, BCCI had over 400 branches in 78 countries and assets in excess of US$20 billion, making it the seventh largest private bank in the world.
The Cayman Islands is a parliamentary representative democratic dependency. As a British Overseas Territories, Charles III is the head of state. The Premier of the Cayman Islands is the head of government. Executive power is exercised by the government, legislative power is vested in both the government and the Parliament of the Cayman Islands. The judiciary is independent of the executive and the legislature.
The British Overseas Territories (BOTs) are the 14 territories with a constitutional and historical link with the United Kingdom that, while not forming part of the United Kingdom itself, are part of its sovereign territory. The permanently inhabited territories are delegated varying degrees of internal self-governance, with the United Kingdom retaining responsibility for defence, foreign relations and internal security, and ultimate responsibility for good governance. All of the territories are inhabited by civilians, except three that are chiefly or only inhabited by military or scientific personnel. All fourteen have the British monarch as head of state. These UK government responsibilities are assigned to various departments of the Foreign, Commonwealth and Development Office and are subject to change.
The British West Indies (BWI) were colonised British territories in the West Indies: Anguilla, the Cayman Islands, Turks and Caicos Islands, Montserrat, the British Virgin Islands, Antigua and Barbuda, The Bahamas, Barbados, Dominica, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, British Guiana and Trinidad and Tobago. Other territories included Bermuda, and the former British Honduras.
An offshore bank is a bank that is operated and regulated under international banking license, which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to less regulation and transparency, accounts with offshore banks were often used to hide undeclared income. Since the 1980s, jurisdictions that provide financial services to nonresidents on a big scale can be referred to as offshore financial centres. OFCs often also levy little or no corporation tax and/or personal income and high direct taxes such as duty, making the cost of living high.
The term "offshore company" or "offshore corporation" is used in at least two distinct and different ways. An offshore company may be a reference to:
The territorial evolution of the British Empire is considered to have begun with the foundation of the English colonial empire in the late 16th century. Since then, many territories around the world have been under the control of the United Kingdom or its predecessor states. When the Kingdom of Great Britain was formed in 1707 by the union of the Kingdoms of Scotland and England, the latter country's colonial possessions passed to the new state. Similarly, when Great Britain was united with the Kingdom of Ireland in 1801 to form the United Kingdom, control over its colonial possessions passed to the latter state. Collectively, these territories are referred to as the British Empire. When much of Ireland gained independence in 1922 as the Irish Free State, the other territories of the empire remained under the control of the United Kingdom.
The sterling area was a group of countries that either pegged their currencies to sterling, or actually used sterling as their own currency.
The law of the Cayman Islands is a combination of common law and statute, and is based heavily upon English law.
Cayman Islands – United States relations are bilateral relations between the Cayman Islands, an overseas territory of the United Kingdom of Great Britain and Northern Ireland, and the United States of America.
The following outline is provided as an overview of and topical guide to the Cayman Islands:
The foreign relations of the British Virgin Islands are largely conducted on behalf of the British Virgin Islands Government by the United Kingdom through the Foreign and Commonwealth Office as a result of the Territory's status as a British Overseas Territory. However the Constitution of the British Virgin Islands provides that this power is delegated to Premier and Ministers of Government in relation to certain specific areas:
- the Caribbean Community, the Organisation of Eastern Caribbean States, the Association of Caribbean States, the United Nations Economic Commission for Latin America and the Caribbean, or any other Caribbean regional organisation or institution;
- other Caribbean regional affairs relating specifically to issues that are of interest to or affect the British Virgin Islands;
- the relationship between the British Virgin Islands and the United States Virgin Islands in matters of mutual interest;
- tourism and tourism-related matters;
- taxation and the regulation of finance and financial services; and
- European Union matters directly affecting the interests of the Territory.
The unfriendly countries list is a list of countries published by the Russian government that it says "commit unfriendly actions against Russia, Russian companies and citizens". Countries added to the list are subject to certain restrictions related to their relationships with Russia, including trade and currency restrictions and personnel limits in the listed countries' diplomatic missions in Russia.
