Financial Secrecy Index 2018
The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. A politically neutral ranking, it is a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, and illicit financial flows or capital flight.
The index was unveiled by the Tax Justice Network (TJN). The index is based on twenty secrecy indicators which can be grouped into four broad dimensions.
Switzerland retained its top spot in the financial secrecy index (FSI) 2018. It was followed by the US, Cayman Islands, Hong Kong and Singapore. India had a lower secrecy score of 52 and was ranked 32, among the 112 countries.