… And what you can do to improve your situation. An unfortunate side effect of this blog has been that some readers see what I write as some one-size-fits-all guide to offshore finance. Perhaps the blame is partly mine, but I try to be clear that what I write may…
Oh this coveted topic. So misunderstood. So misrepresented. Yes, banking secrecy still exists. No, it’s never going to go away. What is banking secrecy? Banking secrecy is by no means a Swiss invention, although the Swiss are no doubt the most famous. The banking system is based on trust;trust that…
“And the bank needs to have all the currencies in the world, issue prepaid cards, debit cards, credit cards, and virtual cards. Fees should be very low, if any at all. The bank must be financially stable and in a jurisdiction with a deposit insurance.” If this sounds like you…
A transit bank account — also called a pass-through account — is a bank account used to quickly and easily tunnel money. Except it’s not as quick and easy anymore as it used to be. Banks are under increased pressure to comply with AML/CFT regulations and while some look the…