1,Identify the strategies used on various offshore banking platforms. Theory Bulk of financial activity (borrowing and lending) is offshore Transactions are typically initiated outside of financial ctr Majority of the financial institutions involved are controlled by nonresidents doing business with nonresidents Centers typically offer low or zero taxation Found in Aruba, Bahamas, Bahrain, Barbados, Bermuda, Cayman Islands, Hong Kong, Lebanon, Liberia, the Netherlands Antilles, Panama, Singapore, Vanuata, the West Indies, Mauritius and others Used for tax avoidance and crime so BIS, OECD and EU have joined forces to supervise activities Constrast with DIFC and ADGM. Research Select one of the above countries and state its main attractions. For instance, Mauritius enable traders with India to reduce their taxes Recommendation Explain how to use this platform in an ethical manner 400-1000 words