Money laundering is a criminal offense in which perpetrators try to hide the trail of illegally acquired money and to include the money generated through criminal activities in different ways into legal financial flows. Money laundering is a complex process in which money obtained from criminal activities, such as drug trafficking, human trafficking, tax evasion and other predicate crimes, is "laundered" and included in legal business. The perpetrators of this criminal act try to hide the source and hide the trail of dirty money in different ways, and one of the often used ways is to transfer money to the accounts of off-shore companies. Offshore financial centers are interesting for conducting illegal activities such as money laundering due to their characteristics, primarily due to the level of secrecy and confidentiality they provide to their users. Namely, criminals use accounts in Offshore zones to hide their illegally acquired money and subsequently integrate it into legal financial flows. This paper presents the features and basic characteristics of Offshore Financial Centers as well as their role in the money laundering process. The presented cases of Danske bank, Panama papers, BCCI and Wirecard clearly show that offshore financial centers play one of the key roles in the money laundering process and that additional regulation and supervision of their operations is needed in order to prevent and detect money laundering activities.