The Shadow Banking System and Offshore Tax Havens: The shadow banking system, comprised of non-bank financial institutions and activities that operate outside the regulatory framework of traditional banks, has come under scrutiny for its role in facilitating tax evasion, money laundering, and financial fraud. Conspiracy theorists allege that powerful elites and multinational corporations exploit offshore tax havens and complex financial instruments to conceal their wealth, evade taxes, and avoid regulatory scrutiny. They argue that this parallel financial system enables a culture of impunity among the global elite, who benefit from unequal access to financial resources and influence over public policy. While efforts to combat tax evasion and financial crime have increased in recent years, the persistence of offshore tax havens and regulatory loopholes continues to be a source of controversy and concern.
The Shadow Banking Conspiracy
