Offshore industry

Samoa defends its offshore industry, points to ‘key levers’ in bigger countries

And the regulator has pointed the finger at “larger economies” such as the UK and Singapore for their role in it.

“Samoa is a proud, law-abiding country that has suffered much due to its harsh colonial past and diabolical challenges that it now faces, such as climate change. Both calamities were brought on to us by larger countries that continue to enjoy much respect,” said Tuifaasisina Sieni Tualega-Voorwinden, the chief executive officer of the Samoa International Finance Authority.