Florida Conference Scrutinizes Wonderful World of Offshore Banking & Finance

MIAMI, April 1, 2008 /PRNewswire/ -- One of the largest gatherings in the USA of private and public sector practitioners in the complex world of offshore banking, finance and insurance will gather in Fort Lauderdale, Florida on April 13-15, 2008 for the 6th OffshoreAlert Financial Due Diligence Conference.

The conference will provide journalists with a rare opportunity to meet and interview some of the most influential figures from Offshore Financial Centers, including Bermuda (the world's third largest reinsurance market), the Cayman Islands (a major center for banking and hedge funds), the British Virgin Islands (the volume-king of offshore corporations) and jurisdictions such as the Bahamas, the Turks & Caicos Islands, St. Kitts & Nevis, Anguilla, and Panama. There's even a session on Cuba's potential as an OFC, post-Fidel Castro.

These offshore experts will be joined by US-based opponents of offshore finance, such as Bob Roach, Chief Investigator to the Majority for the US Permanent Subcommittee on Investigations, and Jack Blum, co-author of a book called 'Financial Havens, Banking Secrecy & Money Laundering'.

Have you ever wondered:

• Why did Bear Stearns establish hedge funds in the Cayman Islands and why did they collapse?
• Why did Enron set up 600 offshore subsidiaries and what were they used for?
• How has Bermuda, with a population of just 65,000, become the world's third largest reinsurance market?
• Why do so many of the biggest corporations and wealthiest high net worth individuals in the U. S. do business in OFCs?
• What structures are they setting up and are they considered to be legal or illegal by the U. S. authorities?
• Does it make their assets inaccessible to creditors?
• How much does it minimize their tax liabilities?
• What is the difference between tax avoidance and tax evasion?
• How much tax revenue does the U. S. lose to OFCs?
• Why kind of exotic investments are Offshore Hedge Funds making?
• Following client data-leaking scandals involving LGT Bank
  (Liechtenstein) and Julius Baer Bank (Cayman), how secure are offshore bank records? and
• What is the impact of OFCs on the global economy?

For more information about OffshoreAlert's Annual Financial Due Diligence Conference, visit www.OffshoreAlertConference.com or contact Conference Director Naomi Comerford by telephone in Miami, Florida on +1 (305)372-6296 or by email at ncomerford@OffshoreAlert.com