51.   His predecessor, Parnel Campbell, resigned amid debate over personal loans he received from a local offshore bank.

52.   However, under Thai laws, the bank will have to set up an offshore bank and convert it into a branch two years later.

53.   In recent weeks, Campbell has been coming under increasing pressure to resign because of heavy private borrowing from an offshore bank.

54.   It said Dominica has started to comply, with a new law that gives foreign authorities access to information from offshore banks and companies.

55.   It has two offshore banks.

56.   Last year, the government closed six offshore banks that the United States charged were being run by Russian mafia.

57.   Last year the government closed down a half dozen offshore banks that the United States charged were being run by Russian mafia.

58.   Many Thai companies also financed growth and expansion by taking out loans in foreign currencies through offshore banks.

59.   Offshore banks in the Pacific also are used by companies to avoid paying taxes in other countries.

60.   Offshore banks in Labuan are prohibited from accepting cash into their respective accounts, and all businesses must be via telegraphic transfer.