Wealth International, Limited

Offshore News Digest for Week of February 18, 2002


MORE PROOF HAVENS NOT TERROR CASH CONDUITS

A fascinating investigative report showing how gold was (and is) used by terrorists. None of it flows through traditional offshore haven nations, contrary to US politicians who sponsored anti-terror haven curbs.

More on this story here.

N.Y. TIMES DISCOVERS OFFSHORE TAX SAVINGS

In a breathless front page expose, the wannabe 'national newspaper of record' finally discovers that US companies save millions in taxes by moving incorporation to offshore tax havens.

More on this story here.

ENRON BRINGS CAYMANS UNWANTED SPOTLIGHT

ABC-TV news sees skullduggery in Enron offshore entities. US Senators discuss possible limits on offshore activity by US businesses.

More on this story here and here.

ARGENTINE LEGALIZED THEFT

"Argentina's rulers cannot resurrect an economy by ignoring the rule of law and plundering private property."

More on this story here.

BAHAMAS BANK DISPUTES TERROR CASH CHARGE

NASSAU. Bank Al Taqwa's attorney denies US accusations.

More on this story here.

GRENADA P.M. CALLS CANADA VISA UNFAIR

Mitchell tells Ottawa new visa travel restrictions are intolerant.

More on this story here.

Australia may legalize dual citizenship.

More on this story here and here.

SPAIN WANTS GIBRALTAR BUT CAN'T CONTROL BASQUES

The Spanish government wants to control Gibraltar, even as the Basque region demands independent power to negotiate taxes with the EU.

More on this story here and here.

ITALY FED UP WITH EUROPEAN UNION

ROME. Italians want nation's best interest put first.

More on this story here.

SOUTH AFRICAN ECONOMIC INFLUENCE GROWS

Domestic problems aside, RSA businesses spread throughout all Africa.

More on this story here.

PURSUIT OF HIDDEN ASSETS EXPLAINED

A major reason for offshore financial structures is asset protection. A must read to understand how offshore assets can be traced.

More on this story here.

GOLD PRICE MANIPULATION CURB PROPOSED

US Rep. Ron Paul (R-Tex) offers bill to stop government gold antics.

More on this story here.

MIDDLE AMERICANS ATTACK STEALTH TAX

Average taxpayers are riled by creeping alternative minimum tax.

More on this story here.

ANTI-MONEY LAUNDERING IS BIG BUSINESS

Annual Miami 'education' conference rakes in cash showcasing anti-tax haven speakers from FATF and Sen. Levin's staff.

More on this story here.

HEDGE FUNDS HIT BY NEW DIRTY CASH RULES

New US law imposes new burdens, higher costs, red tape.

More on this story here.

U.S. BROKERS FAVOR HIGH NET WORTH CLIENTS

New focus on high-end clients means less service for many.

More on this story here.

U.K. PRIVATE BANK WANTS SPORTS CLIENTS

Says rich sports stars need special banking advice.

More on this story here.

UNUSUAL GIFTS FOR THE VERY RICH

LONDON. The older image. Bentley's has it all, for a price.

More on this story here and here.

US S.E.C. CHARGES OFFSHORE SCHEME

SEC estimates a California investment group took $200 million from investors for a nonexistent offshore trust scheme.

More on this story here.

DO AMERICAN INVESTORS FEEL BETRAYED?

The tech bubble burst, then came Enron. Who can you trust?

More on this story here.

THREATS TO BAHAMAS OFFSHORE BUSINESS

The Nassau Institute details the detrimental impact of numerous government actions curtailing Bahamas offshore financial freedom.

More on this story here and here.

TOOLING TO BERMUDA

US corporations that move to tax havens like Bermuda cut taxes and increase earnings for millions of US stockholders; that's patriotism.

More on this story here.

SWISS VOTE MARCH 3rd ON U.N. MEMBERSHIP

Rejected before, poll shows possible pro-UN shift.

More on this story here.

CHOOSE SWISS, CAMPIONE CITIZENSHIP

ZURICH. Chris KALIN explains the advantages of Swiss or Campione residence.

More on this story here.

U.B.S. FREEZES SUSPICIOUS ACCOUNT

ZURICH. A $60m account 'suspected' of being linked to Sani Abacha, late Nigerian dictator, is frozen without due process of law.

More on this story here.

CZECH ANONYMOUS BANK ACCOUNTS TO END

PRAGUE. The end of anonymous banking in the Czech Republic is near.

More on this story here and here.

U.K. GIBRALTAR FIGHT GETS NASTY

LONDON. Labour MPs smear Conservative MPs who support The Rock.

More on this story here.

MAURITIUS REBUFFS INDIAN SCANDAL REQUEST

NEW DELHI. The Indian Ocean tax haven refuses to turn over information about an alleged offshore India stock scam based in Mauritius.

More on this story here.

IT IS TO LAUGH; LEFTIST LASHES TAX HAVENS

AUSTIN. Notorious left-wing Texas columnist dumps on tax havens.

More on this story here.

STILL NO TERROR CASH FOUND IN TAX HAVENS

US$104m (73m) in alleged terrorist assets and frozen accounts from 168 individuals and groups; none from established tax haven nations.

More on this story here.

ANOTHER REASON TO BANK OFFSHORE

US banking lobbyists want to overturn financial privacy laws arguing bank privacy impedes attempts at detecting terrorist cash.

More on this story here.

I.R.S. WANTS WORLDWIDE POWERS

A Swiss financial expert comments on the extraterritorial extension of U.S. government banking rules and IRS investigations.

More on this story here.

S.E.C ANTI-MONEY LAUNDERING RULES

A pdf download copy of new US SEC securities dealers rules.

More on this story here.

DON'T BE A FINANCIAL VICTIM

Vern JACOBS CPA explains how to avoid con men and inept financial advisors.

More on this story here.

And says, Jacobs, if you doubt the value of having your own asset protection plan, check out the current US jury awards here.


WHITHER ARTHUR ANDERSEN?

An insightful survey of what may happen to the the Big 5 accounting firm, post-Enron collapse.

More on this story here.

F.E.A.R. CIVIL FORFEITURE DEFENSE MANUAL

It costs US$84 but price goes up to $119 on March 1st. For details of this valuable new book.

More on this story here.

MILLION DOLLAR FINE FOR MEXICAN VACATION

ROSARITO, Mexico. Based only on US government suspicions, a leading coastal resort is declared off limits to US citizens.

More on this story here.

U.K. TAX COLLECTORS TARGET PIMPS, WHORES

The British sex trade tumbles into the VATman's eager clutches.

More on this story here and here.

UK tax accountants are faulted for not ratting on clients.

More on this story here.
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