They will just impose huge fines if they find out about it. You should still consider offshore bank accounts, but just be very careful in how you go about it.
I know nobody wants to hear this, but if you just want the safety of having money stored away somewhere else then you should maybe consider paying taxes. I know taxes are a big part of why people have their money offshore, but the administrations main issue is not trying to make offshore banking illegal but to collect on the vast amount of taxes being evaded through offshore banking.
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