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Asset Searching for Recovery Actions - The Decision Maker’s Most Critical Tool – Part 1
As certified fraud examiners (CFE), we all know the nuts and bolts of our respective areas of specialty, and hopefully, we are all growing professionally at an astounding pace. Crime does, unfortunately, pay – just not for the criminal. After...
Credit Report Service
Credit Report Service It isn’t often a person can turn on the television or radio or even looking in some sort of publication without seeing some kind of advertisement for a credit report service. A credit report service provides an invaluable...
Effective Risk Management
Risk is embedded in every opportunity a business faces. And poor risk management can result in large financial costs, or even failure. Risk points can emerge anywhere: small scale project delays, the misguided actions of an employee, or a fire in an...
Hawala, or The Bank That Never Was
I. OVERVIEW In the wake of the September 11 terrorist attacks on the USA, attention was drawn to the age-old, secretive, and globe-spanning banking system developed in Asia and known as "Hawala" (to change, in Arabic). It is based on a...
How To Know if You're Buying the Best House
Buy the Best House in the Market
Buying a house marks a new beginning. How do you know that
you're getting your dream house and not straining your credit
limit?
Get yourself a "pre-approved" certificate from a lender. This
certificate...
Is Your Company Safe From Attack?
Yesterday I read an article in the daily paper that contained some rather alarming figures. A survey of British businesses found that fraud, money laundering, and embezzlement cost them over £40 billion ( $72 billion) a year. The average loss of...
Own Your Own Business -Helping Seniors
Simple how to book shows you how to be an event planner or a
fund raiser - easy and very profitable!
Whether you are one caring individual or a group such as; a
neighborhood watch, a religious organization, chamber of
commerce, a non-profit...
The Criminality of Transition
Lecture given at the Netherlands Economic Institute (NEI) on 18/4/2001 Human vice is the most certain thing after death and taxes, to paraphrase Benjamin Franklin. The only variety of economic activity, which will surely survive even a...
Various Online Scams - You have one defense - Yourself
I am writing this article to join in the war against online
crimes. There are many of them, but all have one thing in common
- to take your money.
Let's see, there is the 419Scam named after the Nigerian law
outlawing it. There is the...
“Where Is America Headed To?”, New York Millionaire Wonders…
Hello! Happy new year. May you live a long healthy life and prosper. According to a study by US dept. of Health & Human Services, 96% of Americans never achieve financial independence. They end up depending on charity, welfare, family, or are...
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How Secure are Your Bank Account and Assets?
But are you really safe?
In the last few years, laws such as the Patriot Act in the US have been approved that effectively take your rights to privacy and financial well being away.
These same laws that were meant to protect us are now instead being used as a loophole by high power lawyers and government agencies to access your banking records, garnish money and freeze your assets.
In fact, currently US banks automatically report to government agencies on the activities of their clients, including you. What's worse, your hard earned savings can now be legally garnished from your bank account by government agencies and creditors who may believe they have a claim against you. In the US alone you stand a 1 in 4 chance of being sued if your net worth exceeds $100,000. Not a lot of money!
Can you sleep at night?
Many offshore tax havens are no longer safe either. The Patriot act has enabled the US to attack the privacy laws in the Bahamas, and the UK has even forced the Jersey Islands to fully disclose beneficial ownership information.
Indeed there are very few places now with real asset protection. However, the tax haven of Panama is one such
place that still enjoys complete company formation privacy and asset protection.
Panama constitution provides the highest levels of banking and corporate privacy laws in the world. With Britain's proposed regulation for removal of bank and corporate book secrecy in the UK offshore territories, it is clear that Panama will remain one of the only secure offshore financial centers in terms of privacy and confidentiality that is not only respected, but vigorously protected by constitutional law. Panama has no mutual legal assistance treaties for sharing of banking information with any other nation, and does not recognize court rulings from other countries. In fact, revealing banking information to third parties is a crime in Panama, punishable by imprisonment. There is no such thing as "piercing the corporate veil" in Panama. Panama Corporations also offer "Bearer Shares", allowing shareholders to maintain 100% privacy and confidentiality.
About the author:
Find more great articles at http://militaryfinances.coma great online source for finance information.
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