61.   Offshore banks in Labuan can undertake any foreign exchange transaction, including forward and spot purchases and sales and currency swaps with non-residents and resident banks.

62.   Regulators revoked the license of an offshore bank, saying it did not provide requested information.

63.   The bill would give the Treasury Department the power to ask U.S. financial institutions to collect data on all kinds of transactions with an offshore bank or financial company.

64.   The Bahamas has lost millions of dollars in business this year since it passed laws to open up secretive offshore banks and end anonymous ownership.

65.   The government now will set up a regulatory body to oversee registered offshore banks operating in Nauru.

66.   The new Bahamian government will re-examine laws tightening regulation of secretive offshore banks, to cut costs and red tape, the finance minister-designate said Sunday.

67.   The local government of the Cayman Islands on Wednesday denied reports it is under pressure from Britain to open hundreds of offshore banks to tax inquiries from foreign governments.

68.   The official says the requirement is for local corporations to get aletter from Bank Negara allowing them to take a loan from offshore banks.

69.   The offshore bank attributed the increase mainly to higher returns from investment banking activities and an improved performance in foreign exchange dealings, the paper said.

70.   The opposition argues that by borrowing the money from the offshore bank, Campbell had compromised his offices.