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Offshore Company And Bank Account

Discussion in 'BlackHat Lounge' started by azen068, Aug 6, 2016.

  1. azen068

    azen068 Junior Member

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    Out of curiosity.

    Is there a way to completely hide your traces from the authorities by setting up an offshore company and bank in cayman islands for example. You did something illegal and received around 200k$+.
    Now the authorities are looking for you, would they be able to trace your original identity?
    Would this offshore area give you up to the authorities?

    Note: I am not planning to do anything illegal nor I have done, this is just a topic for discussion.

    The script I provided above is not real and not actually happened or going to happen.

    Just want to know if its possible to get those illegal wire transfers without being caught.
     
  2. devilo44

    devilo44 Newbie

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    looked at this a while back there are a few places to set up ofshore but i found only 1 or 2 that where anygood in terms of protecting identity, price & low checks
    in terms of setting up a ofshore ltd and bank account your fine when it comes to privacy if choosing the right country (avoid big name brands)

    its also worth noting that each place has different relationships with different countries https://www.incorporatebelize.com/ i havent looked at this site too much but its saved in my bookmarks to i must of thought it was worth a look

    putting that much money in an account would be fine but note i have no acctual physical experience setting one up just something i research for a few days
     
  3. toml3030

    toml3030 Elite Member

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    Strictly on the banking end, would depend on what country you're trying to hide assets from. Not all countries have tax treaties with each other and banks will not give up customer info without court order, unless the country who asks for information has the power to hurt the bank. The only reason why international banks like HSBC or Deutsche Bank gave up the tax evaders is because they had operations in US a lot more important than the tax evaders. Some regional bank in a country without tax treaty with US is not going to care unless the local govt. gets involved, which they generally won't for $200K unless you were hiring hitmen to kill a bunch of people or something. You funnel funds through multiple countries and bank accounts and you can make relatively small sums like $200K completely disappear if you do it right. If you were doing something illegal, I'd be more afraid that you'd get nabbed other ways than starting from banking accounts.
     
  4. toxic08

    toxic08 Regular Member

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  5. wittmann miandu

    wittmann miandu Newbie

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    do you need an ACC
     
  6. Spy

    Spy BANNED BANNED

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    Dont listen to the old nonsense.Since december 2015 all countries from OECD and some more arround 100 on the world are sending all banking details to a finance center where they are analysed.
    Hong Kong,Panama,Singapur and many more so called offshore heavens are participating in it.So they will see your income.Maybe not instantly but after 1-2 years when checking the data
     
  7. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    This is widely inaccurate.
     
  8. HBTY

    HBTY Newbie

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    Many government officials, and large organizational leaders have been caught (people who are presumably much smarter, and with much larger funds). You simply cannot beat the system anymore. Especially with all the debt that's being accumulated, along with the joint task-forces...


    The only way you can potentially hide is through crypto-currency or some sort of physical assets that can be stored in a secure location.
     
  9. Spy

    Spy BANNED BANNED

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    No it isnt
     
  10. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Oh really?

    Let's start with the most obvious one from your statement. Name the "finance center" where "all banking details" are sent under OECD's AEOI.
     
  11. devilo44

    devilo44 Newbie

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    long live liberty reserve

    physical assets are interesting as its being stored ofshore already in paper, say i buy a $1mill boat i create a ofshore company and have the company buy the boat now if i want to sell the boat i can just trade 100% shares in the company (which is 4-5 peices of paper) for another company that owns what i want so i wouldnt have to pay taxes or any fees assiciated with selling an asset that large nor would any money or the boat be easily assoiciated with me

    i only say this as i did do some research a while back i noticed thats what people where doing
     
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  12. Spy

    Spy BANNED BANNED

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    You think AIA/AIE is just being used between banks and taxdepartments and that each of them is going to analyse the data themself ? LOL
    AIA is being analyzed by a financial center based in switzerland.Its a part of the octopus of the NSA.
    I guess you also belive that SWIFT was just created to make international transactions easier and not a nuclear economicel weapon of the US which has been already being used against Iran and India heh ?Oh did i also mention that each international transaction through SWIFT is being analysed in a financial center which is based in Switerland too by the US.But i guess this is all conspiracy since it wasnt on the TV news right?

    this is being very often used to avoid inheritance tax
     
    Last edited: Aug 7, 2016
  13. Zevoltai

    Zevoltai Senior Member

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  14. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    So we have established that OECD AEI does not include sending information to a central entity. That's the reality and you should stop spreading fud.

    As for the "NSA will harvest the data" ..."argument", nobody gives a shit if they do or they don't - doesn't affect the "why do this" of this business. What people give a shit for is what their country's tax agency gets - obviously.
     
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  15. Spy

    Spy BANNED BANNED

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    I guess you are unable to read.I clearly stated its being sent to a financial center based in switzerland controlled by the NSA to forward the processed data to tax departments and banks .
    Open an offshore company in hong kong and get a bank account and you will see how fast your local tax department will know about it.Since 01.01.2016 new bank accounts data are being sent immedently to switzerland.Maybe you can explain to me for what offical purpose was AIE created ?It was to hunt tax fraud and non registered funds outside of your home country.
    Would it be the way you claim it is it would be more than easy to avoid this system
     
  16. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    There's no such thing in the OECD documents, you're just pulling it out of your arse. Try to guess again who's unable to read.

    Nobody cares what the NSA does under the rug.
     
  17. Spy

    Spy BANNED BANNED

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    You know the diffrence between me and you is that i'm extremly activ in the topic and am even currently at court against a known bank for forwarding my data to switzerland even i closed my account before 31.12.15 and gave them a written letter that i will demand recompensation of xxx.xxx euro should they still send the details to switzerland.
    So i guess i'm well informed about it.
    Maybe you can also show me in the SWIFT documents that SWIFT is being used by the US as a economical weapon.Can't read it there.About the financial center just send an offical letter to your bank and ask where your data is being forwarded and after that we can continue talking
     
  18. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Were you in any capacity infromed, you would have known that the only thing you're getting out of that one is a hearty laugh from the bank's compliance department.

    the account balance or value
    (including, in the case of a cash
    value insurance contract or annuity
    contract, the cash value or surrender
    value) at the end of the relevant
    calendar year or other appropriate
    reporting period or, if the account was
    closed during such year or period, the
    closure of the account.


    Your "advisor" is milking you like a cow on LSD and you're happy about it. There's a word about that.

    It only matters if the US is after you specifically, which is like 0.00000000001 of the SWIFT transactions. Similarly with OECD data. Doesn't affect this business. What DOES affect this business is what thge banks are required by law to do.
     
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  19. Spy

    Spy BANNED BANNED

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    LOL your total nonsense makes me laugh.What you posted is only for accounts which were still activ from 01.01.2016 but not for accounts which has been closed before 31.12.2015

    Thats your naiv opinion.Fact is that the financial center is controling each single international transaction which is being sent via SWIFT.It can make a nuclear financial erruption for countries but also for companies which the US did in the past.
    OECD will have an extremly big effect on business.Just wait till 2019-2020 after the main data of the old bank accounts has been fully analysed.You will see how many businesses will be effected because of that.

    If your bank account was closed before 31.12.2015 the banks were not allowed to sent your data.It was regulated that only active accounts on 31.12.2015 can be forwarded
     
  20. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    The reporting requirement starts with the original AEOI treaty - 2014 - regardless of when the country of interest signed up. 2014 for new accounts, earlier than Jan 2015 explicitly allowed for old accounts. You must be feelling so smart getting ripped off.

    Don't try to flatter me.