The middle third of the book (Chapters 10 to 12) focuses on ‘the present’, which covers the period from the late 1990s (approximately 1998) to 2005. This section examines the extent to which ‘Offshore’ has been criticised, and explores whether it is fair to blame ‘Offshore Centres’ for not doing more to disenable criminals from laundering the proceeds of crime ‘Offshore’. Some of the problems that affect the global financial services network are considered. The extent to which the ‘Offshore’ environment has become the focus of global attention is perhaps best understood by reference to work undertaken at the end of the 1990s by the Financial Stability Forum, the Financial Action Task Force and the Organization for Economic Cooperation and Development. An analysis of the work of these three organisations is spread over three chapters. Whether there is any correlation between ‘Offshore Finance’ and small island jurisdictions is considered briefly.