Can you trust the banks in offshore taxhavens?
This actually a good question. Over the years offshorehavens like Liechtenstein, Andora, Jersey just to name a few, was known to be safe havens where people with lots of money could secure assets with private bankers who would only look for the interests of its clients. This has changed.
Jersey has been fully disclosed and countries like UK, Germany, Denmark, and Sweden has full access to the files showing who had money where and when. The national tax agencies cannot get the hands down. Andora is going to be closed land before the end of 2010. Even Liechtenstein is starting to be a bit shaken. Within the first 25 days of 2010 i have received information from more than 8 different persons with bank accounts in Liechtenstein whos accounts has been frozen without reason. This is really bad news! Liechtenstein who has been known for its clients protection.
Where to go then?
Today there is no safehaven. The most safe places is Panama, Cyprus and New Zealand. Not even banks in Malta Gibraltar or Luxemburg are safe anymore.
We will follow up on this issue over the next weeks. Even name some of the banks that you should be carefull with.
Doc Offshore
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