Big Number of Isle of Man Offshore Bank Clients are Politicians

Politically influential people made up a significant portion of the clients at an offshore bank in the Isle of Man. This emerged as per a Brookings Institute researcher who analyzed data from a breach published by Distributed Denial of Secrets. “These politically-exposed clients not only hold greater amounts of wealth than the average offshore client, but they are also more likely to have an address in a tax haven and are more likely to receive money into their accounts from accounts in other tax havens, all signs that significantly raise the risk that these clients have access to higher levels…