Abbreviations, meanings and acronyms from the offshore world
IBC - "International Business Company"
Meaning: International Trading Company
FSA - "Financial Services Authority"
Meaning: Financial Services Authority
FIU - "Financial Intelligence Unit"
Meaning: Seychelles Financial Supervisory Authority
.sc - "Top Level Domain (TLD)"
Meaning: Country code of Seychelles
IBAN - "International Bank Account Number"
Meaning: International bank account number
CoGS - "Certificate of Good Standing"
Meaning: certificate of good standing
POA - "Power of Attorney"
Meaning: A power of attorney
UBO - "Ultimate Beneficial Owner"
Meaning: Beneficial owner
OFC - "Offshore Financial Centers"
Meaning: Offshore Financial Centres
OBU - "Offshore banking units"
Meaning: Offshore bank areas
AML - "Anti-Money Laundering"
Meaning: money laundering regime
KYC - "Know Your Customers"
Meaning: Know your customers
CDD - "Customer Due Diligence"
Meaning: Duty of care towards customers
CFC - "Controlled Foreign Corporation"
Meaning: Rules on controlled foreign relations, or also as ""CFC rules"" known
OECD - "Organization for Economic Co-operation and Development"
Meaning: Organization for Economic Cooperation and Development
CoOS - "Certificate of Official Search"
Meaning: Certificate of an official search/search
COI - "Certificate of Incorporation"
Meaning: Certificate of incorporation
DHL - German Parcel Service
Means: Abbreviation from the surnames of the founders:
Dalsey, Hillblom and Lynn
