Offshore Bank Accounts

How to open a bank account abroad without making mistakes

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

KTT Scams: How to Prevent and Report Them

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

Which banks make KTT wire transfers?

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

Class Action Lawsuit Against PayPal for Blocked Accounts

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

Is it a crime to hide the origin of cryptocurrencies?

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

Antarctic token Airdrop sparks great interest in crypto world

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

Bankovskiye scheta dlya grazhdan Rossii

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

What is the Mir payment system that Russia intends to use to evade sanctions?

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

What is the future of offshore banks? Cryptocurrencies vs. money

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

Consult experts on how to open offshore bank accounts

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

How to buy with a virtual credit or debit card in a store

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

How to open a bank account in Switzerland

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

How to buy a virtual Visa credit card with cryptocurrencies

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

What is KYC and for what is it used?

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

How to save cash in an anonymous safe deposit

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

How to open a corporate bank account in the United States

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

Open Banking is the future of banks

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

LocalBitcoins scams has 187,000 searches on Google

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

Banks of Panama Supervisory Authority updates “Know Your Customer” policy

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

The bank compliance procedure for opening an offshore bank account

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

How to open an offshore bank account and where?

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 W8 or BEN W8 and the FATCA forms in the United States?

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

Why open a banking account in Northern Cyprus?

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

The Choice Bank saga never ends

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

Belize exits from the blacklist of tax havens, but its banking system crisis continues

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

Belize places two offshore banks in forced liquidation

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

Where not to keep your savings

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

What to do about frozen accounts?

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

The Death of Belize’s financial System

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

How to open a bank account if you have bad credit

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

New options of prepaid debit card

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

Know the real causes of capital flight in the world

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

Frequently Asked Questions about offshore banking

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

The fake banks of the Comoros Islands

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

How to open a bank account abroad

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

Law firms specialized in cryptocurrencies litigation

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 affected by the blacklist of the European Union

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

How can one establish a bank?

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