Tag: Compliance
Frozen bank accounts can cause serious issues for account holders, delay important payments, and even cause credit issues for years to come. And, while most people have backup bank accounts to avoid these problems, a frozen bank account can still wreak havoc on personal and business banking. Fortunately, it’s possible to avoid having your accounts […]
Have you had an account closed recently? Or, are you concerned that an account is about to be closed? Well, regardless of your current account status, understanding the reasons for account closure can prevent it from happening again. And, by being prepared, you can even ensure you never lose access to your money… even if […]
It’s no surprise that foreign non-residents want to bank in a global financial center like the UK. But, many people face significant challenges when trying to open here. For many, the biggest challenge is trying to open a UK bank account without proof of address. And, while this may seem impossible, there are options to […]
If you have never requested a bank reference letter before, it can be difficult to know how to get one and what it needs to include. In this article, we’re going to answer these questions for you and help you avoid costly mistakes. A bank reference letter is a letter from a bank where you […]
Bearer shares were once a favorite tool of the offshore world. They offered complete anonymity and could be easily bought or sold… 100% anonymously. But, like most tricks of the offshore world, they’ve almost entirely disappeared. Between 2000 and 2019, increasing pressure from the OECD and other regulatory bodies forced offshore hubs to eliminate bearer […]
If it seems like the list of non-AEOI countries is shrinking every year, that’s because it is. In just the last 12 months Georgia, Montenegro, Thailand, and more countries have agreed to start sharing information with tax authorities automatically. That said, if you’re looking to open a bank account in one of the remaining non-AEOI […]
Today, offshore banking in St. Vincent and the Grenadines has taken a backseat to unregulated forex brokers, cheap banking licenses, IBCs, and bare-bones regulations. And it’s just another example of why you need to be careful. Corporate service providers and bank introducers promote horrendous banks in dangerous banking jurisdictions without a care in the world. […]
Banks are freezing accounts without warning at the fastest rates in history. And, it’s only going to get worse. Every year, millions of innocent people have their bank accounts frozen without warning as banks frantically try to keep up with new banking laws and increasingly strict KYC/AML regulations. If you haven’t experienced an account freeze […]
Exactly 25 years ago today, on February 26th, the world watched as the Barings Bank failure took place in front of our eyes. Barings Bank was one of the most prominent and well-respected banks in the history of the world collapsed. At the time of the Barings Bank failure, Barings was Britain’s oldest merchant bank […]
You Want to Open an Offshore Bank Account? Before you open an offshore bank account, you need to familiarize yourself with the secrets to offshore banking and get rid of any misconceptions. And if you’re like most people, you probably have a lot of negative misconceptions thanks to the media and Hollywood. In this article, […]