The criminals used these accounts to launder millions of dollars to offshore banks
, according to Tom O'Connell, an INS agent on the case.
Asset Protection said it is legal for a US person to have an offshore bank
The Thorn Law Group is an international tax boutique law firm that specializes in undisclosed offshore bank
Some of these include the fact that offshore banks
are generally located in an area that offer greater privacy to depositors, low or zero taxation and less restrictive legal regulation, among others.
Prior to the ODF they obtained formal notices against the big banks for details of UK account holders with offshore bank
Some may have previously worked overseas and still retain an offshore bank
account that they have forgotten about that is still accumulating interest.
The IRS is currently issuing notices to taxpayers identified as holders of offshore credit cards, owners of offshore bank
accounts and participants in offshore financial arrangements.
A first in the offshore banking industry, the HFS Offshore Banking Mobile App, contains a range of information that is useful to those who are interested in offshore banking and for those who require it and might consider having an offshore bank
The DeltaQuest Group consultants have expert knowledge in the procedures of country specific banking licenses and provide specialist expertise and guidance with respect to the regulatory framework of obtaining a banking license and forming an offshore bank
If an offshore bank
fails for any reason, the government of that jurisdiction may have depositor protection in place, as most-though not all-do have.