RANK Juris diction

FSI-Value4
Secrecy
76Samoa
31.03195
45Vanuatu
164.9674
28Seychelles
293.483
65 St Lucia1
66.89086
73 Brunei Darussalam1
50.63406
27 Liberia2
300.8851
23Mars hall Is lands
329.6054
26Barbados
317.4745
52Belize
129.8344
68San Marino
59.53545
19 Mauritius1
397.8627
67 Antigua & Barbuda 1
60.47441
35 Bahamas 1
226.8748
14 Bermuda1
432.3802
80 St Kitts & Nevis1
18.45872
12 Malaysia (Labuan)3
471.6878
79Maldives
21.05039
33Liechtens tein
240.963
16 United Arab Emirates (Dubai)2,3
419.0078
81Nauru
7 Lebanon2
747.8594
49 Gibraltar 1
147.8179
1
77 Dominica
26.94115
1 Switzerland2
1765.25
63 Turks & Caicos Islands1
81.81755
70 Grenada1
55.7658
62 St Vincent & the Grenadines 1
85.14934
51 Guatemala2
142.4216
78 Cook Islands 1
25.26854
58 Curacao2
106.41
61 Anguilla1
96.76443
74Andorra
43.37763
9 Jersey1,2
591.7031
75Monaco
38.84132
31Saudi Arabia
274.2
82 Montserrat1
11Panama
489.6098
60 Botswana2
98.99626
42Dominican Republic
193.7889
13 Bahrain2
461.1659
30 Uruguay2
277.4804
3 Hong Kong2
1283.445
46Cos ta Rica
157.6024
2
55 Aruba
113.3252
22Macao
360.4904
5 Singapore2
1216.86
4 Cayman Islands 1,2
1233.567
59US Virgin Is lands
102.8635
15 Guernsey1
419.3564
34 Isle of Man1
237.258
37Philippines
206.6698
2 Luxembourg2
1454.483
57 Ghana2
109.9242
20 British Virgin Islands 1,2
385.4457
18 Austria2
400.8232
10 Japan2
513.1047
25Rus s ia
325.2539
8 Germany2
738.3376
6 USA 2
1212.971
38 Israel2
205.9219
17 Canada2
418.5234
24Korea
328.7934
36South Africa
209.7911
29 Brazil2
283.9142
41Cyprus
198.9163
48New Z ealand
151.4267
53Latvia
128.1165
39 Netherlands2
204.929
44 Australia2
168.1538
32India
254.5711
40 Belgium2
199.2665
64Malta
78.0526
50 Norway2
142.7945
43 France2
190.9599
72Hungary
54.65056
1,2
21 United Kingdom
361.325
54Italy
118.9649
69 Portugal (Madeira)3
57.91351
47 Ireland2
155.5173
56Spain
111.3811
66Denmark
63.11788
71Sweden
55.71366

Score5
87.60
86.67
85.23
84.40
84.13
83.23
81.63
81.00
80.40
80.13
80.00
80.00
79.93
79.87
79.57
79.53
79.47
79.27
79.00
78.93
78.87
78.60
78.53
78.40
78.27
78.13
78.07
77.20
76.87
76.83
76.47
76.27
75.40
74.93
74.90
74.47
73.40
73.33
73.10
72.30
72.23
71.73
71.27
70.60
70.53
70.33
69.93
69.40
67.40
67.07
66.83
66.53
66.33
66.00
63.73
60.83
60.47
59.47
58.40
57.27
53.60
53.57
53.43
52.40
52.40
51.97
51.00
50.13
47.40
45.97
45.07
43.87
42.33
40.97
40.47
39.87
39.33
39.07
37.37
35.60
32.60
32.40

Global Scale Weight 6

0.00%
0.16%
1.07%
0.01%
0.01%
1.42%
2.23%
2.13%
0.16%
0.02%
4.69%
0.02%
0.88%
6.11%
0.00%
8.25%
0.00%
1.13%
6.14%
35.42%
0.28%
0.00%
491.56%
0.05%
0.02%
0.06%
0.30%
0.00%
0.13%
0.10%
0.01%
26.30%
0.01%
2.78%
18.98%
0.16%
1.22%
18.17%
3.99%
420.56%
0.83%
0.33%
10.85%
428.01%
469.37%
0.29%
25.69%
4.86%
3.32%
1204.95%
0.53%
24.10%
37.13%
118.46%
31.83%
432.60%
2258.58%
13.18%
200.76%
97.83%
26.02%
76.84%
26.43%
12.56%
9.01%
43.05%
39.37%
179.95%
103.11%
7.90%
66.73%
214.11%
5.61%
1853.01%
74.77%
9.16%
264.62%
150.45%
60.46%
43.95%

Footnote 1: The territories marked in Dark Blue are "overseas territories" (OTs) and "crown dependencies" (CDs) where the Queen is head of state; powers to appoint key government officials rests with the British Crown; laws must be approved in London; and the UK government holds various other powers (see here for more details: www.financialsecrecyindex.com/PDF/UnitedKingdom.pdf). Those marked in light blue are those British commonwealth territories which are not OTs or CDs but whose final court of appeal is the Judicial Committee of the Privy Council in London (see here for more details: http://www.jcpc.gov.uk/about/role-of-the-jcpc.html#Overseas). If the Global Scale Weights of just the OTs and CDs were added together (24% of global total), and then combined either with their average secrecy score of 70 or their lowest common denominator score of 80 (Bermuda), the United Kingdom with its satellite secrecy jurisdictions would be ranked first in the FSI by a large margin with a FSI score of 2162 or 3170, respect
Footnote 2: For these jurisdictions, we provide special narrative reports exploring the history and politics of their offshore sectors. You can read and download these reports by clicking on the country name.
Footnote 3: For these jurisdictions, we took the secrecy score for the sub-national jurisdiction alone, but the Global Scale Weight (GSW) for the entire country. This is not ideal: we would prefer to use GSW data for sub-national jurisdictions - but this data is simply not available. As a result, these jurisdictions might be ranked higher in the index than is warranted.
Footnote 4: The FSI is calculated by multiplying the cube of the Secrecy Score with the cube root of the Global Scale Weight. The final result is divided through by one hundred for presentational clarity.
Footnote 5: The Secrecy Scores are calculated based on 15 indicators. For full explanation of the methodology and data sources, please read our FSI-methodology document, here: www.financialsecrecyindex.com/PDF/FSI-Methodology.pdf
Footnote 6: The Global Scale Weight represent a jurisdiction's share in global financial services exports. For full explanation of the methodology and data sources, please read our FSI-methodology document, here: www.financialsecrecyindex.com/PDF/FSI-Methodology.pdf

nitedKingdom.pdf). Those marked in light blue are those British commonwealth territories which are not OTs or CDs but whose final court of appeal is the Judicial Committee of the Privy Council in London (see here for more details: http://www.jcpc.gov.uk/about/role-of-the-jcpc.html#Overseas). If the Global Scale Weights of just the OTs and CDs were added together (24% of global total), and then combined either with their average secrecy score of 70 or their lowest common denominator score of 80 (Bermuda), the United Kingdom with its satellite secrecy jurisdictions would be ranked first in the FSI by a large margin with a FSI score of 2162 or 3170, respectively (compared to 1765 for Switzerland). Note that this list excludes many British Commonwealth Realms where the Queen remains their head of state.

common denominator score of 80 (Bermuda), the United Kingdom with its satellite secrecy jurisdictions would be ranked first in the FSI by a large margin with a FSI score of 2162 or 3170, respectively (compared to 1765 for Switzerland). Note that this list excludes many British Commonwealth Realms where the Queen remains their head of state.