concept   banking secrecy
culture   Brazil
statement   In Brazil, banking secrecy is utilized for asset protection and offshore banking is preferred during economic instability.

4 similar statements
# Concept Culture Statement Freq.
1 banking secrecy Argentina Perceived as a way to protect assets from economic instability, leading to a preference for offshore banking in jurisdictions with strong banking secrecy laws. 1
2 banking secrecy Brazil Perceived as a way to protect assets from economic instability, leading to a preference for offshore banking in jurisdictions with strong banking secrecy laws. 1
3 leak detection Brazil Leak detection methods are not as advanced and may rely more on traditional inspection and maintenance practices. 1
4 secrecy Brazil Viewed with suspicion and as a tool for fostering distrust in personal relationships 1