Offshore banking in the Caribbean
A) began in the Cayman Islands.
B) is no longer legal under international law.
C) has been closely tied with the international drug trade.
D) is currently the largest source of employment in the region.
E) was established by former colonial powers in the region.

Question

Quizplus · Accepted Answer

Offshore banking in the Caribbean has often been associated with the international drug trade due to the secrecy and lack of regulation that can facilitate money laundering.

Offshore Banking in the Caribbean