Liechtenstein on the high seas
Liechtenstein has one of the world's nastiest bank secrecy regimes. As one cheerleader for this pro-crime practice put it:
If Swiss banking secrecy is strict, it's even stricter in neighboring Liechtenstein. With its ruling prince living in a mountaintop castle, Liechtenstein may appear like something out of a fairy tale, but its privacy and asset protection laws are arguably the world's strongest.
In 2003 a referendum was called to allow Prince Hans-Adam II (who already had powers to dissolve parliament and call elections) to hire and fire governments at will. Ahead of the referendum, Sigvard Wolhwend of the country's Democratic Secretariat Party, warned that granting the prince more power could turn Liechtenstein into a dictatorship . As Wohlwend said:
He has more than enough power and it's not democratic to have the head of the state who is uncontrollable and has the power to dismiss parliament and government whenever he feels like it. I think that's the real, real bad thing.
Oh, and one more thing. Prince Hans-Adam (Johannes Adam Ferdinand Alois Josef Maria Marko d'Aviano Pius von und zu Liechtenstein to you, or "His Serene Highness") owns the Liechtenstein Global Trust (LGT), with $100 billion in assets. It has a nice little line in "wealth management" - that cover-all term beloved of some bankers that is used to describe (among other things) highly abusive tax tricks for the benefit of the world's wealthy élites, which are at the heart of the corruption of the global economy. So, Prince Hans-Adam, no conflict of interest there, then.