secrecy jurisdictions

Secrecy jurisdictions are countries or territories that offer strong confidentiality laws for financial and legal information. They allow individuals or companies to keep details about their assets, income, or ownership private, often with minimal disclosure requirements. These jurisdictions are commonly used for privacy, asset protection, or sometimes for tax advantages. While legitimate uses exist, they can also be exploited for illegal activities like tax evasion or money laundering due to the high level of secrecy. Understanding these jurisdictions helps clarify global finance and efforts to promote transparency.