Created to circumvent the laws, tax, legal, and regulatory havens are the last resort of those who want to evade taxes or the authorities or the banking prudence rules. Half of international commercial and financial flows pass through there!
The regulation is more necessary than ever to significantly improve the public and private governance in terms of transparency, integrity and responsibility.
A growing number of countries have, in recent years, enacted anti-corruption laws. But these laws are not sufficient and international organizations, like Transparency International or Trace, advocate for responsible business governance and conductiong pinciples. They support businesses to help them fight against corruption, and to help them adopt transparent business practices, regardless of pressure from business world, laws or local custums.