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OPINIONS ON RECENT ANTI-SECRECY LAWS
David HARDESTY's excellent, detailed explanation of the new USA Patriot law and its likely impact on offshore banking and financial secrecy.More on this story here.
A convicted money laundering lawyer says the new anti-terrorist cash law won't work; Prudential Financial's head of corporate anti-money laundering compliance says the new law won't stop international terrorism, but it will "scare the hell out of tax evaders."More on this story here.
Barry SPITZ explains why he thinks new anti-secrecy restrictions will change private banking emphasis from secrecy to investment.More on this story here.
John PUGSLEY, comments on the nature of the world 'anti-terror war' and its sad implications.More on this story here.
NO SURPRISE: BAHAMAS I.B.C. REVENUE DRASTIC DROP
After enacting laws that all but destroyed these islands as an offshore financial haven, Nassau has lost millions in IBC incorporation revenues.More on this story here and here.
ANOTHER OFFSHORE FRAUD
PROVIDENCIALES, Turks & Caicos Islands. A Canadian father and son face charges of a multi-million dollar offshore swindle.More on this story here and here and here.
E.U. RULING COULD KILL GIBRALTAR HAVEN
The European Union may try to force Gibraltar to end its offshore haven status and force the government into bankruptcy. Does London care?More on this story here.
IRISH OFFSHORE ACCOUNTS UPROAR
DUBLIN. Numerous tax evasion investigations continue the chase after Irish owned offshore accounts and possible tax evasion.More on this story here and here.
SECOND RESIDENCE: SWISS OR CAMPIONE
Chris KALIN explains the benefits of residency in Switzerland and/or Campione d'Italia.More on this story here and here and here.
SWISS SECRECY STAYS
The Swiss economy minister suggests a withholding tax on foreigners' earned interest is better than violating financial privacy.More on this story here.
N.Y. DAILY NEWS TOTALLY WRONG ON SWISS BANKING
We share with you an editorial from Monday’s NY Daily News which, for its sheer ignorance and misstatement of facts, cannot be topped.More on this story here.
JAPANESE COMPANIES SAVE TAXES USING FOREIGN TAX HAVENS
TOKYO. Major Japanese companies avoided 10.4 billion yen in corporate income taxes last by using affiliates set up in foreign tax havens.More on this story here.
STOCK BROKER, SECURITIES FIRMS CRACK DOWN
US securities firms have almost no anti-money laundering controls; that is about to hange drastically. Customers now will be subjected to extensive personal background and financial checks.More on this story here and here.
HON. RON PAUL CONDEMNS “FIAT MONEY”
WASHINGTON. The congressman from Texas explains one of the root causes of the current recession and what should be done about it.More on this story here.
U.K. LAWYERS FACE JAIL
British legal practitioners face up to five years in jail if they don't report to police suspected illegal transactions by clients.More on this story here.
DIAMONDS FOR DEATH
OSAMA BIN LADEN's terror network has reaped millions of dollars in the past three years from the illicit sale of diamonds.More on this story here and here.
FINANCIAL ACTION TASK FORCE
Addressing the new FATF guidelines adopted last week in an emergency meeting, Daniel MITCHELL of the Heritage Foundation asks: "Is this going to work, or are we simply putting a heavy burden on the financial service industry and undermining law abiding people's privacy?"More on this story here.
The Financial Times thinks strict privacy-detroying "know your customer" policies are the answer to terrorist cash.More on this story here.
The Channel island of JERSEY speeds its anti-terror cash campaign.More on this story here.
ISRAEL is on FATF’s dirty money blacklist but some there think new anti-terror cash rules will help the fight against all terrorism.More on this story here.
RUSSIAN Pres. PUTIN signs a new law creating the nation's agency to counter dirty cash and get off the FATF blacklist.More on this story here.
Almost two months after the Sept. 11 mass murders, the SAUDI ARABIAN government finally gets around to blocking terrorist cash.More on this story here.
And the US government adds all major terror groups to its dirty cash hit list.More on this story here.
BIG BROTHER IS WATCHING YOU
A chilling, new Cato Institute report: Systematic Federal Surveillance of Americans.More on this story here.
ONLINE PRIVACY PRIMER
PC Magazine’s current series of articles on computer and online privacy.More on this story here.
Of special interest, "9 Steps to Privacy."More on this story here.
Civil liberties groups denounce new face recognition scanners as ineffective and needlessly intrusive.More on this story here.
CUSTOMS MAIL SEARCH
A pending US Congress ill, H.R. 3129,(Sec 144) would let US Customs agents search outbound mail for unreported monetary instruments.More on this story here.
U.S. VISA FREE TRAVEL MAY BE RESTRICTED
Visa free travel from 29 nations to the US may be eliminated.More on this story here.
STEALTH LAW MAY ALLOW U.S. ID CARDS
The new anti-terror law provision may lead to a national ID card.More on this story here and here and here.
SECRET U.S. COURT GETS NEW POWERS
Secret meetings, secret decisions, secret searches.More on this story here.
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