Financial Secrecy

Financial secrecy occurs when there is a refusal to share financial information with legitimate authorities – for example, tax authorities and police authorities.
Financial Secrecy

Financial Secrecy Index 2022

  1. United States
  2. Switzerland
  3. Singapore
  4. Hong Kong
  5. Luxembourg
  6. Japan
  7. Germany
  8. United Arab Emirates
  9. British Virgin Islands
  10. Guernsey

See the full index
> fsi.taxjustice.net

Financial Secrecy Index

An estimated $21 to $32 trillion of private financial wealth is located, untaxed or lightly taxed, in secrecy jurisdictions around the world. Secrecy jurisdictions – a term we often use as an alternative to the more widely used term tax havens – use secrecy to attract illicit and illegitimate or abusive financial flows.

The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. A politically neutral ranking, it is a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, and illicit financial flows or capital flight.
The index was launched on January 30, 2018.