In this section you will find articles, guides and answers to your frequent questions on offshore banks, offshore bank accounts, foreign bank accounts, blocked accounts, accounts in e-wallets, crypto exchanges, bank litigations, capital flight
The strategy of having a bank account abroad, or even more than one, can be very helpful from the operational point of view and also for legal and economic security.
Normally, people prefer choosing a bank located in a tax haven. The reason is tha… Read more
Table of Contents
How to Avoid KTT Scams
Preventing KTT Scams
Tactics of Fraudsters in KTT Schemes
How to Raise Investor Awareness about KTT Scams
Avoiding KTT Scams
These fraudulent schemes are causing global losses amoun… Read more
Wire transfers, or KTT transfers, are a secure way to transfer large amounts of money internationally
There is no exclusive list of banks that do KTT (Knowledge Transfer). KTT is a term used by the academic community to refer to the transfer of kn… Read more
The lawsuit, originating in California and Illinois, sees a number of users charging the company with the arbitrary freezing of their assets. The law firm Caporaso & Partners, having represented numerous clients affected by PayPal's heavy-han… Read more
Many question whether it is a crime to hide the origin of cryptocurrencies, since these were developed as decentralized currencies
The answer depends, since concealing the origin of cryptocurrencies if they are the proceeds of a crime is punishabl… Read more
The Antarctic token (AAL) will be priced at 0.1 USDT; however, during the airdrop and later in the pre-sale and the two sale stages, investors will be able to purchase it at preferential prices.
The Antarctic token is powered by the Antarctic Land… Read more
Rossiysko-ukrainskiy konflikt privel k takim posledstviyam, kak nevozmozhnost' otkrytiya bankovskikh schetov za rubezhom dlya grazhdan Rossii
Podavlyayushcheye bol'shinstvo bankov otkazyvayut v otkrytii novykh schetov grazhdanam Rossii. Yuri… Read more
Russia is developing the Mir payment system to evade sanctions. Many see it as a new opportunity
The Mir payment system has taken off in Russia since Visa and MasterCard, which are issued by foreign banks, stopped working. The companies joined the… Read more
The future of offshore banks and the entire banking business, in general, is facing enormous challenges. For two decades, the banks were able to adopt the new technologies and modernize their operational system; however, this didn’t transform t… Read more
This way, they protect their assets better and increase the privacy of their business. Offshore banks are becoming more selective with the customers they accept. Therefore, these days, seeking the advice of experts in these subjects is essential to f… Read more
You can buy with a virtual card in stores using wallets like Apple Pay, Google Pay, Samsung Pay and other wallets. It can also be used like plastic cards in shops, grocery stores, casinos, hotels, etc. like a normal card. This works only if the estab… Read more
In the international context, the Swiss banking system is a global leader and Switzerland is one of the most competitive financial centers in the world. Unfortunately, Swiss banks don’t open accounts for European residents, but they are open to… Read more
If you’re wondering How to buy a virtual Visa credit card also with cryptocurrencies, we’ll describe in this article how easy it is.
Buying a virtual Visa credit card with cryptocurrencies is simple, and the virtual Visa credit cards o… Read more
KYC is really a se of procedures that natural and juridical people use to obtain and confirm given data and information about their older and new customers.
The KYC procedures have become a legal obligation , in the immense majority of businesses,… Read more
Your cash income can diminish drastically due to the forced closure of your business or the missed rent payment. The bank itself can freeze your account due to an investigation or the lack of documentation.
How can you survive in these cases? You … Read more
The American banks usually demand the customer’s physical presence, as well as a series of documents before agreeing to open an account. Nonetheless, options have appeared so you can open a corporate bank account in the United States from the c… Read more
Sharing information on open banking allows apps for mobile devices or messaging systems, like Facebook Messenger, WhatsApp and Telegram to communicate with the bank’s app and every type of operations can be carried out.
The pandemic ha… Read more
If you search for “LocalBitcoins scams” on the web, you will see that there are various accusations by scammed users and others who have been victims of unjustified KYC
There are 187,000 search results for “LocalBitcoins sc… Read more
The “Know Your Customer” (KYC) process consists in sharing a series of information on its accountholders. The “Know Your Customer” process provides that each customer of a bank authorized to operate in the country periodically… Read more
If you are interested in opening an offshore bank account, or else in acquiring or registering an activity overseas and adequately diversify your personal or company patrimony, pay attention to the information below.
At the time of asking an offsh… Read more
Table of Contents
How to open an offshore bank account and where?
What are the steps for opening an offshore bank account?
Benefits from offshore bank accounts
Personal bank accounts vs corporate accounts: which is the best option?
W… Read more
What are the BEN W8 and W9 forms and why are they important for ,those who have overseas offshore bank accounts?
The W8 and the BEN W8 are a set of American tax forms which certify your tax status in relation to the American authorities, the IRS.
… Read more
Since 1974, the island of Cyprus has been divided between North and South from a “green line” that is 180 km long. Nicosia is the last European capital divided in two. Kilometers upon kilometers of golden sand and crystalline sea distingu… Read more
By Giovanni Caporaso Gottlieb, Panama’s Attorney at Law
The nightmare for the account holders of the Choice Bank of Belize, placed in forced liquidation by the Central Bank of Belize doesn’t appear to have an end in sight, once again s… Read more
The European Union decided to take Belize off its blacklist of tax havens; however, the Central American country’s banking system continues to sink in a deep crisis and has lost all credibility in the eyes of the world.
After Belize’s … Read more
In less than a year, Choice Bank and Atlantic International Bank, two offshore Banks in Belize, have been liquidated, by order of the country’s Central Bank. These extreme measures have provoked serious economic damage to their customers and ha… Read more
What can I do with my savings? Where can I safely protect them? These are the recurring the questions of those who have successfully kept a few savings and live, quite rightly, in fear of losing them. Keeping them under the mattress, with steadily gr… Read more
There are various reasons why a bank or financial institution can freeze your bank or financial institution account:
Your failure to comply with the KYC (Know Your Client) and AML (Anti Money Laundering);
Because of a court order due to civil… Read more
Belize’s financial system is going through one of the most complicated moments of its history, between the abrupt closure of two international banks and the heavy accusations of corruption against the Governors of the Central Bank and for the i… Read more
Table of Contents
Who is a client with bad credit or at risk?
Can a person with bad credit open a checking account?
The characteristics of a checking account for credit risk clients
How to find an account for credit risk clients
What… Read more
Unfortunately, Visa and MasterCards have cancelled most of the offshore programs offering prepaid debit card services from various offshore banks. Programs are now geographically limited. If you are a European citizen or resident, you may apply … Read more
Capital flights have been identified by the countries that impose the most taxes on their citizens as one of the main causes of the low growth of national economies. In a defamatory publicity campaign, supported by more than a few communication media… Read more
The times of numbered and anonymous offshore bank accounts are over. It’s no longer a question of being rich or poor; opening an offshore bank account today is almost impossible. The new international regulations force banks to identify their c… Read more
By now, this scam’s scheme has been going on for two decades, but there are still a lot of people who are being scammed. The other day a friend of mine called, asking me how he could cash a check from a bank in the Comoros Islands, the Soci… Read more
The days when banking secrecy was one of the strengths of financial institutions is part of a recent past that will never come back. Therefore, the farewell to anonymity is definitive. Today, opening a bank account abroad is very complicated, because… Read more
Bitcoin, Litecoin, Ethereum, Dash, Ripple and Zcash are the most widely used Cryptocurrencies nowadays and together, they make up a multi-million dollar decentralized market, but not without problems. Initial fraudulent currency offers (ICO) and unpa… Read more
Panama’s banks could be affected by the European Union's decision to include this country in a list of 23 nations with insufficient/weak controls against money laundering and terrorist financing. However, the Panamanian government has tried… Read more
The dream of so many people is to have their own bank. But the wrong thing is having in mind, that as a bank owner, you can do whatever you want. Every bank and financial institutions must comply with the laws of the jurisdiction where they are incor… Read more