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Globally, the Middle East and Africa (MEA) region has the largest share of private wealth booked offshore, thanks to the political and economic tensions in the region, according to the Global Wealth Report 2015 by BCG. The report showed that while the MEA region held 31 per cent wealth offshore, Latin America and Eastern Europe have 28 per cent and 19 per cent respectively. While economic and political instability is a key factor in driving assets offshore, shortage of onshore asset classes and management skills are driving demand for offshore domiciles. In 2014, Caribbean and Panama remained the preferred destinations for wealth originating from North America. For Middle East and Africa region, Switzerland was the top destination attracting 37 per cent of offshore assets booked from the region followed by UK 22 per cent and Dubai 12 per cent.