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Protecting Yourself Against Identity Theft By: Mogens Eliasen
So, you believe that your bank with honor its written promises and protect your privacy, so that no one else can access YOUR money?
You are terribly mistaken.
The lack of privacy is something that many people are not even aware of, so it seems a completely foreign concept to them. The details of your private banking have no protection in most westernized countries. Want proof? Then try getting your own bank account details, without disclosing your ID. Identity theft is a lot easier than you think. First step is that you accept being paid by a check from someone else. The person who issued the check will have access to all your bank information when the check is cashed. The second step is to take these account details to a branch of that bank other than the one the account is actually held in. For the last step, fill out a deposit for $10.00, submit it to the teller and then ask for “your” balance.
Invading someone’s privacy, even your own, really is that easy. So that your money and identity are protected, offshore banks have privacy and secrecy tenets to help accomplish this. Protection of your assets is the third reason that investing offshore is a banking solution that is very popular. It is nearly impossible to get the account balance of a bank account in an offshore jurisdiction, unlike the ease with which it can be done for a bank account such as the example used above. Jail terms and heavy fines are typically imposed for disclosing any information regarding bank accounts in most jurisdictions with offshore banking.
This makes most people think of privacy as a means of avoiding the government’s wrath.
Privacy is another main reason for engaging in offshore banking. Relying on privacy alone is a dangerous path, though. It has numerous times brought people into jail for criminal tax evasion, when the foreign bank, forced by its own government, forced by and International “agreement” divulges your private information to your own government!
The problem with this is that your government will not like making less money on you, and it will do everything it can to make it illegal for you to do anything without accepting full tax liability for everything you do offshore.
The author Mogens Eliasen has been involved in offshore business for decades, and he is convinced that freedom is for all; also those whose finances do not allow them to participate in offshore conferences to the tune of $10,000. Instead, he provides the essential information through webinars at offshore where people can get honest information about what it possible, what is legal, and what it takes to stay away from crime scenes and scams
You are terribly mistaken.
The lack of privacy is something that many people are not even aware of, so it seems a completely foreign concept to them. The details of your private banking have no protection in most westernized countries. Want proof? Then try getting your own bank account details, without disclosing your ID. Identity theft is a lot easier than you think. First step is that you accept being paid by a check from someone else. The person who issued the check will have access to all your bank information when the check is cashed. The second step is to take these account details to a branch of that bank other than the one the account is actually held in. For the last step, fill out a deposit for $10.00, submit it to the teller and then ask for “your” balance.
Invading someone’s privacy, even your own, really is that easy. So that your money and identity are protected, offshore banks have privacy and secrecy tenets to help accomplish this. Protection of your assets is the third reason that investing offshore is a banking solution that is very popular. It is nearly impossible to get the account balance of a bank account in an offshore jurisdiction, unlike the ease with which it can be done for a bank account such as the example used above. Jail terms and heavy fines are typically imposed for disclosing any information regarding bank accounts in most jurisdictions with offshore banking.
This makes most people think of privacy as a means of avoiding the government’s wrath.
Privacy is another main reason for engaging in offshore banking. Relying on privacy alone is a dangerous path, though. It has numerous times brought people into jail for criminal tax evasion, when the foreign bank, forced by its own government, forced by and International “agreement” divulges your private information to your own government!
The problem with this is that your government will not like making less money on you, and it will do everything it can to make it illegal for you to do anything without accepting full tax liability for everything you do offshore.
The author Mogens Eliasen has been involved in offshore business for decades, and he is convinced that freedom is for all; also those whose finances do not allow them to participate in offshore conferences to the tune of $10,000. Instead, he provides the essential information through webinars at offshore where people can get honest information about what it possible, what is legal, and what it takes to stay away from crime scenes and scams
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