numbered account


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Numbered Account

A bank account in which the owner is identified by a number instead of a name. Numbered accounts are used for discretion, and have a reputation of protecting money launderers and other criminals. Until recently, numbered accounts were almost exclusively used in the Swiss banking system.

numbered account

An account identified by something other than the owner's name.
References in periodicals archive ?
There are a lot of misunderstandings about these numbered accounts. Yes, they do exist but they are simply a security measure within the bank that restricts knowledge of your identity to a small group of people.
In the case of Super Saver, another two doses of La Troienne are present via his fourth dam, the Buckpasser mare Numbered Account, through Busanda and Striking (who also appears in the third generation of Seattle Slew's dam, My Charmer).
Are numbered accounts loopholes for criminals to hide illegally obtained fund?
"The ATO is investigating whether those taxpayers are using a sophisticated system of numbered accounts to conceal and transfer wealth anonymously to evade their tax obligations in Australia."
He said some of them have voluntarily disclosed their numbered accounts following which they were served notices under Section 148 of the Income Tax Act.
Only secret numbered accounts in many banks prevents the law tracing the money trail to reveal their thievery.
EQUIPMENT LIST IS AVAILABLE ALONG WITH LIST OF NUMBERED ACCOUNTS. ALL ACCOUNTS ARE YEAR ROUND AND NO PER CUTS OR SEASONAL BUSINESS.
Rafael Trujillo, for example, made off with an estimated $140 million from the Dominican Republic; Juan Peron stuffed at least $140 million into Swiss accounts: Haile Selassie's legendary $6 billion hoard may be grossly exaggerated, but he was still able to withdraw $600 million from his own accounts to help finance Ethiopia's war with Somalia: the Shah of Iran and Mobuto Sese Seko of Zaire managed to expatriate huge amounts of cash to numbered accounts in Europe.
He was charged five years ago with helping about 17,000 Americans to conceal USD20bn in numbered accounts at the bank.