There is some good news for The Republic of the Marshall Islands (RMI), one of most renowned offshore jurisdictions. It received from the OECD a rating of “largely compliant” on 12 November 2019 following its second round review. This analysed the implementation of the international standard of transparency and exchange of information on request.
Moreover, Financial Action Task Force (FATF) has put the RMI on a regular follow-up following its latest evaluation which is the highest rating achievable.
Lastly, the RMI is presently on the white list maintained by the EU after being removed from the EU blacklist of non-cooperative jurisdictions for tax purposes on 14 November 2019. This is due in part to the economic substance regulations that the RMI implemented.