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SWISS COOPERATE, BUT DEFENDED BANK PRIVACY
In response to UK Chancellor Brown's scurrilous attack tying Swiss bank secrecy to terrorism, the Swiss say they will provide information, but only under established judicial procedures.More on this story here and here.
U.S. COURT BACKS BERMUDA TAX BREAKS
A US federal circuit court upholds UPS use of a Bermuda-based captive insurance company that cut taxes $1.8 billion.More on this story here.
ANTI-TERROR TRAVEL TIPS
A primer on what international travelers must do now.More on this story here.
AMERICAN NATIONAL I.D. CARDS?
A US national identity card system is pushed as a supposed counter terrorism measure.More on this story here and here.
The Cato Institute says any national ID system will quickly expand into constant government surveillance.More on this story here.
And here is one Brits decisive “no” to ID cards.More on this story here.
LIBERTY SUFFERS IN WARTIME
Don't let history repeat itself.More on this story here.
U.S. SENATORS PUSH ANTI-OFFSHORE BILL
WASHINGTON. Spurred by false charges that the Sept. 11 terrorist attacks were funded through tax havens, US senators want to include tough anti-offshore provisions in pending anti-terrorism legislation.More on this story here and here.
BELIZE POTENTIAL RESIDENT’S KIT
Everything you ever wanted to know about living, retiring and/or investing in Belize, a true offshore tax haven.More on this story here.
WILL THE TERRORIST TRIUMPH?
"As bad as the mass casualties and widespread fear were, the worst and most long lasting scar from the attacks could be an alteration of the American way of life. Politically, the US is the freest nation on earth. If the attacks result in the curtailment of American civil liberties in the name of increased security, the terrorists' triumph will be complete."More on this story here.
What declaring war could mean for America.More on this story here.
GREATLY INCREASED SURVEILLANCE DEMANDED.More on this story here.
US ALREADY HAS MANY ANTI-TERROR POWERS.More on this story here.
MASS DETENTIONS OF PEOPLE WITHOUT CHARGES.More on this story here.
USE OF ECHELON, CARNIVORE MAY GROWMore on this story here and here.
GOVERNMENT COMPUTER SNOOPS AT WORKMore on this story here.
ENCRYPTION CURBS PROPOSED.More on this story here and here..
MANY IN U.S., U.K. OPPOSE I.D. CARDS.More on this story here and here and here.
MONEY LAUNDERING REDEFINED
For a decade "anti-money laundering" laws have aimed at dirty cash from the Mafia, drugs kingpins and tax evaders, not terrorists. And because Islamic or other terrorist cash is highly unlikely to be detected by such laws, the new expansion of such laws will only do more to destroy financial freedom while stopping few terrorists.More on this story here.
Global government advocates are touting more power for the notorious Financial Action Task Force (FATF), a group noted primarily for the indiscriminate blacklisting of offshore haven nations.More on this story here and here.
WHAT IS MONEY LAUNDERING ALL ABOUT?More on this story here.
WILL FOREIGN INVESTMENT FLEE U.S.?
The US is hooked on foreign cash investment. Will it dry up?More on this story here.
THOUGHTS ON FREEDOM & LIBERTY
In the wake of September 11, some observations for consideration:
U.S. Rep. Ron PAUL (R-Tex) looks at "War, Peace & Liberty"More on this story here.
Prof. Pierre LEMIEUX, on “The Lessons of Terrorism.”More on this story here.
Americans are willing to sacrifice their civil liberties.More on this story here.
The White House says ID cards are not in the cards.More on this story here.
But Tony BLAIR says Brits may have liberties curbed.More on this story here and here.
ANTI-TERROR ASSET FREEZE HITS ROADBLOCKS
Alleged terrorists' cash grabs are meeting resistance from banks and governments who want more than suspicion; they want proof.More on this story here.
U.S. WIRETAPPING LAW BACKFIRES
US officials admit a new law that makes wiretapping easier, has led to a system seriously vulnerable to compromise. A fascinating look inside government wiretapping and how it could impact you.More on this story here.
U.S. CUSTOMS MAIL OPENING HIT
A dangerous bill giving US Customs power to open offshore bound mail is denounced as hurting international trade.More on this story here.
UNITED NATIONS SAYS REGISTER EVERYONE
Every person in the world would be fingerprinted and registered under a universal identification scheme proposed at a UN meeting.More on this story here.
U.S. MILITARY STYLE I.D. PROPOSED
High-tech military IDs used for tracking personnel across the globe are now models for national identification cards for all US citizens.More on this story here.
An expose of how ID cards can be used to curb freedom and disrupt lives.More on this story here.
BRITISH POLICE STATE BECOMES LAW
Last minute concessions fail to curb huge new police powers.More on this story here.
And the new law will be challenged in court immediately.More on this story here.
E.U. LAWYERS & ACCOUNTANTS MUST BE INFORMANTS
New EU rules say professionals must inform police if they suspect a client is involved in money laundering.More on this story here.
SWISS BANK MYTH?
Most dormant Swiss bank accounts turn out not to belong to Holocaust survivors, but to non-Jews who forgot their money.More on this story here.
COMPANY DROPS PGP SOFTWARE PRODUCTION
Network Associates ends commercial production of PGP encryption software, but it's still available in free downloads.More on this story here and here and here.
ENCRYPTION WILL STAY
A special Cato Institute report explains why curbs on encryption wont work, wont help national security and should be defeated.More on this story here.
“SMART CARDS” GET A SECOND LOOK
Smart cards, with embedded computer chips, now being touted by their makers as the new national identity card for Americans.More on this story here.
U.S. DETAINS HUNDREDS IN SOLITARY
With no charges against them, hundreds of persons are being held in secret by the US government as suspected terrorists.More on this story here and here.
U.S. HOUSE PASSES ANTI-MONEY LAUNDERING BILL
WASHINGTON. Using the now established 'anti-terror' excuse, the US House of Representatives on Wednesday passed a bill that seriously compromises financial privacy, targets offshore tax havens and will likely catch few, if any, terrorists. The vote was 412-1.More on this story here and here.
Rep. Ron PAUL (R-Texas) was the lone dissenting vote against the bill, calling it an “unconstitutional expansion of the financial police state, which will prove ultimately ineffective against terrorism.” For Rep. Paul’s trenchant analysis of the other major anti-terrorism bill passed by Congress and how it diminishes our liberties, see this story.
CARIBBEAN LEADERS BLAST U.S., OECD
The prime ministers of Jamaica and Grenada accuse the US and OECD of using the terror excuse to crush Caribbean tax haven financial sectors, while terror cash flows through major nations' banks.More on this story here.
CORRUPTION EQUATED WITH TERRORISM
It seems everything is now "terrorism."More on this story here.
SWISS BANKS SAY SECRECY IS NOT NEGOTIABLE
In spite of the EU demands, SWITZERLAND absolutely refuses to go along with the cross border tax reporting and will not yield on financial privacy for its customers.More on this story here and here.
ANTI-PRIVACY VILLAIN: THE O.E.C.D.
Using the terror excuse, the OECD and FATF seek power and control over financial activities everywhere.More on this story here.
SENATOR DROPS ANTI-ENCRYPTION IDEA
Sen. Judd Gregg (R-NH) will not seek to insert backdoors into encryption software products.More on this story here.
U.S. MILITARY CREATING POLICE STATE?
The line between armed forces and law enforcement blurs as US local police are trained and supplemented by military units.More on this story here.
MORGENTHAU’S BIG LIE TECHNIQUE
NEW YORK CITY. The aging district attorney for NYC, Robert Morgenthau, using the complicit pages of The NY Times, yesterday perpetrated a pack of lies about offshore banking and finance. Using the usual anti-terrorism excuse he demanded support for pending US legislation that will destroy offshore financial privacy. He lied repeatedly implying that bin Laden terror cash has been found in traditional tax haven accounts; implying the CAYMAN ISLANDS was used by terrorists for their dealings; and implying that tax havens have failed to cooperate in the search for suspect terrorist accounts. All untrue! Small wonder the public doubts the words of public officials.More on this story here.
U.K. HUGE EXPANSION OF FORFEITURE POWER
LONDON. Again, the terror excuse: Tony BLAIR wants a new law allowing police to seize cash and assets based on mere suspicion.More on this story here.
NEW U.S. MONEY LAUNDERING LAWS
What new US anti-terror financial laws may do to banking.More on this story here.
CYBER-SURVEILLANCE AND YOU
Here's how the “anti-terror” digital eavesdropping legislation racing through the US Congress vastly alters the existing legal terrain.More on this story here.
IDENTITY THEFT DOUBLED LAST YEAR
ID thefts reported by banks surged in 2001, more than double over last year, according to a new report released yesterday.More on this story here.
I.R.S. FOREIGN DEPOSITORS RULES MAY DIE
Washington insiders say the Bush administration will bury a Clinton IRS proposal to have all US banks report to the IRS interest earned by foreign depositors, thence to home country tax collectors.More on this story here.
Marshall J. LANGER says these IRS rules could cause an outflow of millions from US financial markets.More on this story here.
HIGH TAX NATIONS PHONY CAMPAIGN AGAINST TAX HAVENS
You wont read this in the US edition of the Wall Street Journal. They reject articles defending tax havens the WSJ European editors publish. Excellent summary of what's really happening. (Access requires that you be a WSJ Online Journal Subscriber.)More on this story here.
And Dan Mitchell of Heritage Foundation exposes anti-money laundering and anti-terror laws as a cover for higher tax collections.More on this story here.
BUSH U.S. TREASURY OFFICIAL SELLS OUT
What a difference terror politics make! Asst. U.S. Treasury Secretary who opposed OECD attacks on tax havens, now claims tax havens "create fertile ground for terrorist financing," offering no proof, of course.More on this story here.
But Bush officials praise anti-terror 'coalition partner' SAUDI ARABIA, even though it won't help chase terror cash at all.More on this story here.
NEW CASH FORFEITURE U.S. TASK FORCE
The Bush administration announced yesterday a national anti-crime task force to freeze assets, seize cash, impose fines and prosecute financial crimes. Anti-terrorism is the original focus, but.....!More on this story here and here.
NEW ZEALAND CUTS OFFSHORE TAXES
WELLINGTON. The NZ government aims to attract foreign investment by cutting offshore corporate taxes. About time!More on this story here.
FATF EX-OFFICIAL WANTS TOTAL CONTROL
An ex-FATF bureaucrat says anti-money laundering laws should be used to remove all financial privacy, ease forfeiture.More on this story here.
U.S. MAY FORCE BROKERS TO ACT AS MONEY SPIES
Not content with bankers as police spies, now the US government wants mutual funds & stock brokers to join the money police.More on this story here.
EXPERT TAX ADVICE
Expert tax advisor has a new 70 page report for you - "Legal Ways to Save Taxes Offshore or Onshore."More on this story here.
BUSH, U.S. CONGRESS ADOPT 'ANTI-TERROR' LAW
WASHINGTON. Curbing personal liberties and constitutional rights, the "representatives of the people" save American freedoms from terrorists by curbing American freedoms.More on this story here and here and here.
Vastly expanded police powers restricting your rights explained,More on this story here and here.
NEW U.S. ANTI-TERROR HUNT BEGINS TODAY
Within hours after signing the new law, police are on the march.More on this story here.
NOW YOU MAY BE SUBJECTED TO:
* warrantless secret police searches of your home and office.More on this story here.
* greatly expanded wiretapping of phones and the Internet.More on this story here.
* x-rays & electronic strip searches, sniffing and scans.More on this story here.
Rep. Armey slips in warrant requirements for Carnivore.More on this story here.
NATIONAL I.D. CARDS FOR ALL?
Why not?More on this story here and here.
AND HOW ABOUT TORTURE?
More on this story here.
OR ILLEGAL DETENTION?
More on this story here.
Another Sept. 11 tragedy: the fear of terrorism is used to barter away rights supposedly guaranteed, without exceptions, to all Americans.More on this story here.
SWISS BANKS CLEANER THEN U.S.
The Swiss offer far better financial privacy protections, but are far tougher then the US when it comes to stopping dirty cash.More on this story here.
U.S. IGNORES MAJOR SOURCE OF TERROR CASH
It is SAUDI ARABIA, stupid, not offshore tax havens!More on this story here.
GUIDE TO CORRUPT NATIONS
Transparency International's new country corruption ratings.More on this story here.
AVOID NORTH OR SOUTH OF THE BORDER?
Planning a trip to Canada or Mexico? Allow lots of time for border crossings into the USA.More on this story here.
FINANCIAL ACTION TASK FORCE
WASHINGTON. Their first “emergency meeting” is held to counter terror cash, but FATF wants much broader powers.More on this story here and here.
SORRY ABOUT THAT, EH?
OTTAWA. Innocent Canadians are likely to be caught in the new anti-terrorist dragnet and have assets seized.More on this story here and here and here.
PRIVATE BANKING: R.I.P.?
We don't think it's dead, but Forbes magazine raises the question.More on this story here.
I.R.S REGS WOULD BOMB FLORIDA BANKS
Florida banks that hold $49 billion in non-resident alien deposits may lose $18-$34 billion under IRS foreign interest reporting rules.More on this story here and here.
U.K. MAKES TAX ADVISORS POLICE AGENTS
New law makes private tax advisors report suspicious activity.More on this story here.
STUPID ILLOGIC: “NOTHING TO HIDE”
Perverse government, police power grabs destroy the right to privacy: "If you're not guilty, then what have you got to hide?"More on this story here.
U.S. ANTI-TERRORISM/ANTI-FREEDOM LAW
"This is panicky legislation that, in seeking to reduce one set of dangers, unnecessarily creates another."More on this story here.
The devil is in the details and at 342 pages, the USA Patriot Act may hide poison pill provisions that could cost the innocent their freedom.More on this story here.
Here's how the new law could affect your life and liberty.More on this story here.
New police powers law raises serious privacy concerns.More on this story here.
And freedom of speech could be a victim as well.More on this story here.
No “sunset provisions” here; police get permanent power for Internet surveillance w/o a court order, secretly search homes, offices, share confidential grand jury information with the CIA.More on this story here.
Text of law signed Friday by Pres. Bush.More on this story here.
SWISS ANTI-M.L. POLICY PRAISED
WASHINGTON. Leading Clinton Treasury official says SWITZERLAND is better than the US at fighting dirty money laundering.More on this story here.
As continuing proof, the Swiss freeze 24 suspect terror accounts.More on this story here.
FOREIGN INVESTORS IN U.S. UNDER ATTACK
A new report says proposed IRS rules killing US foreign investor privacy could cost the US billions of dollars in foreign savings.More on this story here and here.
LAUNDRY FOCUS ON U.S. SECURITIES FIRMS
WASHINGTON. 83% of US brokerages and 60% of mutual funds have no means to identify sources of customers' money, verify identities, or report suspicious activities.More on this story here.
WHAT DO YOU KNOW ABOUT ISLAMIC BANKING?
It's in the news, but do you know how very different Islamic banking is from western banking? Interesting facts you need to know.More on this story here.
EMERGENCY F.A.T.F. MEETING
WASHINGTON. 'Anti-terrorism' was the cry at FATF's urgent meeting this week. But the Paris bureaucrats see a much wider role for their anti-offshore policies disguised as concern about clean money.More on this story here and here.
Interesting account of FATF meeting and plans.More on this story here.
FATF Oct. 31 anti-terrorism recommendations.More on this story here.
FATF 17 current blacklisted nations.More on this story here.
HON. RON PAUL COMPARES TWO WARS
The Texas US congressman hopes the anti-terrorism war will not repeat the damage the 'war' on drugs has done to US liberties and freedom.More on this story here.
HIGH TECH CARNIVORE TO EXPAND SPYING
WASHINGTON. Anti-terrorism is the excuse for all sorts of new high tech invasions of privacy by police at all levels,More on this story here and here.
U.S. & U.K. IDENTITY CARD DEBATE RAGES
That favorite of apartheid South Africa, the domestic 'pass' or personal identity paper, thrills bureaucrats and police. "Your papers please!"More on this story here and here.
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