Bank Activities Reform Commission Investigates Offshore Banks

In September of 2002, I was looking into buying another offshore bank through the auspices of my venture capital company, Advanced Capital Services.

I found this company called EuroCapital Offshore Group SA which promptly sent me via email a contract to pay $60,000 for Acron Overseas Bank Ltd which was registered under company registration number 1178 on November 9, 2000.

What a braggin' bargain deal!

The offshore entity came with a "Class B Banking License", in other words, it was not an "A Rated Bank" for sale!

The Seller gave us ten days to come up with the money for the contract. We never bought the bank, but when I mentioned to my friend the subject of Offshore Banking, I showed him the contract and we both had a good laugh!

They had wanted me to send money to a Latvian Bank called Rietumu Bank in Riga whose intermediary is Deutchse Bank Trust Company Americas New York which was spelled wrong in the contract.

I explained to my friend that if you want track money launderers and people who are trying to hide lots of money, all you need to do is hang out a shingle and advertize that you have an offshore bank for sale.

"The Government does it all the time don't they?" I asked.

We debated the subject of how to get large quantities of money out of the country without having to pay the IRS taxes.

He told me you first have to buy an offshore banking license in a corporately formatted entity. What this does is makes the interest income from the corporation non- taxable to your home country, until you actually withdraw funds, which in effect only defers taxes, so it is not technically a tax avoidance scheme, which is illegal, but rather a method of tax deferral.

One of the requirements to buy this offshore bank in the Republic of Anjouan is to deposit $100,000 with the local government to cover reserve capital requirements.

We have now turned this whole matter over to the International Bank Activities Reform Commission sponsored by the Infinite Freedom Foundation of King County.

The International Bank Activities Reform Commission has been investigating the global banking financial community for more than 30 years. One can really learn a lot about money by watching what the International Bankers are up to in the international financial markets!

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Sources:

http://advancecapitalservices.com/contactus.php

http://advancedcapitalservices.com/about-us/

http://www.merchantcircle.com/business/Advance.Capital.Services.314-729-7660

http://www.manta.com/coms2/dnbcompany_jw61bm

http://www.stockbroker-fraud.com/lawyer-attorney-1291802.html

http://www.talkgold.com/forum/r9436-.html

http://www.slogold.net/anjouan_offshore_bank_license.html

http://www.slogold.net/order_comoros_bank_license.html

http://en.wikipedia.org/wiki/Union_of_Comoros