Friday, December 18, 2009

Secret Banking Using SVG Banks

I got sent this email, which explains how to get around the normal transparency of SVG banking by using a shell corporation or foundation based in Panama. The intent is to get around the laws and international treaties of SVG. I suspect that this kind of secrecy is intended for use in a Ponzi scheme or something similar.

If I were involved with the Banking Authorities in SVG I would have a word with the off-shore banks to avoid getting entangled in this sort of scheme. ... ... ... ... ... ... ...

St. Vincent and the Grenadines is a Caribbean island that has been a tax and privacy haven for many years. It is also a popular tourist spot with beautiful beaches and resortsIntroduction - St. Vincent and the Grenadines is a Caribbean island that has been a tax and privacy haven for many years. It is also a popular tourist spot with beautiful beaches and resorts. There is the main island of St, Vincent along with 32 other islands. They are found in the southeastern quadrant of the Caribbean. St. Vincent is a full member of the British Commonwealth. The main financial center is found in the city of Kingstown on St. Vincent Island.

The St. Vincent Bank ? The bank is a 12-year-old fully licensed bank. The jurisdiction practices bank secrecy. The country will not cooperate in any civil matter. The independent and sovereign nation of Saint Vincent Grenadines will at their discretion cooperate in requests for information pertaining to criminal matters. There is excellent protection in civil matters but that is it. For tax matters this is not suggested as a jurisdiction. They are in TAX TREATIES to share information and will do so readily if requested to do so. For criminal matters there are more secure jurisdictions we can get you an account in. We say this because many governments have been known to blow up what should be a civil matter up into a criminal case using crimes like conspiracy, fraud and money laundering. If you have jurisdictional, residential or citizenship issues with police states that like to engage in such fraudulent practices then perhaps you should look at another more secure jurisdiction, which we can help with. This is a jurisdiction good for very casual civil only asset protection.Online Banking - The bank has online banking in English, which includes the ability to send out wires online.Text Messages - The bank also has the capability to send you a text message any time there is any activity with any of your accounts including the cards ? spends, ATM cash pulls, deposits or wires sent out. This is a great security feature.

Currencies ? The bank allows one to bank in any or all of the following currencies: USD, Euro, GBP, CHF, and JPY.

Cards ? The bank will issue you a MasterCard tied to your bank account. The card has a daily limit of $25,000. There is no credit line. It is a debit card with a MasterCard logo tied directly to your bank account. You can also get a Maestro ATM debit card with a daily limit of $2,000. All the cards are denominated in USD.

Requirements ? The bank wants a notarized copy of a passport and a driver''s license. A utility bill or a bank statement as a proof of your residential address. A bank reference letter is the only other requirement. The corporate or foundation paperwork is something we take care of for you so no worries there.

Panama Corporations and Foundations ? We use Panama Anonymous Bearer Share Corporations and Anonymous Panama Private Interest Foundations to open the bank accounts. With personal accounts there is no anonymity since the name of the account appears on all wires in and out. The name of the account on a personal account is your name so it is out there for the whole world to see. With a Panama corporation or foundation the ownership names are not known to the government of Panama and do not appear in any registry or database. This preserves privacy greatly. The central banks, intermediary banks and governments that see the wires cannot determine who owns the corporation or foundation. It is like the old Swiss numbered accounts but uses an anonymous Corporate name instead of a number.

Time to Open an Account ? From the time we receive documents and fees it is about 15 working days.Cost - $1995 for a Panama corporation with a Saint Vincent bank account. Same price of $1995 for a Panama foundation with a Saint Vincent bank account.

Questions ? Inquire.http://www.panamalaw.orgAurelia Masterson writes for

Note: This is also on--