Gary
Gary: I read your article on loss of bank privacy, t’is true. Where internationally could one put US mutual funds? Is there any safe haven with bank privacy in the world anywhere now that you could recommend?
W.
One should not hide money abroad and rely on bank privacy to protect them. Forget about government attacks. These are bad enough but I cannot begin to tell you the horror stories I have crossed in the past three decades in which bank privacy was blown by bank errors. For example a London bank mistakenly mailed me the secret bank account of an Iranian diplomat who was hiding money in London. A Viennese banker inadvertently faxed me four pages of private information that could have put several people in serious trouble. A Swiss banker once left his client list with names, addressees and account numbers laying on a table at a seminar were I was speaking with him.
There are too many ways to get caught in addition to the onslaught of governments to reduce privacy. Look for legal ways to keep your financial affairs private instead. One such way is through the use of overseas insurance policies.
Get more details from our frend and attorney Joe Cox at jcox@coxnici.com
Good investing!
Gary
Return to Ecuador & bank privacy
2009 Update
We hope you’ll enjoy a beautiful global lifestyle with us soon in the Blue Ridge or Ecuador.
July 4-8 Ecuador Export Tour
July 8-9 Imbabura Real Estate Tour
July 10-13 Ecuador Coastal Real Estate Tour
Attend any two Ecuador courses or tours in a calendar month…$949 for one. $1,349 for two.
Attend any three Ecuador courses or tours in a calendar month…$1,199 for one. $1,799 for two.
July 24-26 IBEZ North Carolina
Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour
Oct. 9-11 IBEZ North Carolina
Oct. 21-24 Ecuador Import Export Expedition
Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour
Attend any two Ecuador courses or tours in a calendar month…$949 for one. $1,349 for two.
Return to Ecuador & bank privacy
Attend any three Ecuador courses or tours in a calendar month…$1,199 for one. $1,799 for two.
