Recent content by Montecristo

Yes, I do agree that you need to visit the bank to open an account. But not really big money. If you are registering a Singapore company with a Singaporean or PR as nominee director, it shouldn't be difficult to get a bank account legally. That is also the reason why Singapore is the best for...

Try Singapore. Easy to get bank account and PayPal.

Not really so bad as you think. If you compare it with Cayman Islands, it is easily 50-100% more on top of BVI company. Is that worth it? I don't think so.

Well, like I mentioned before. The worst bank is Al Salam bank in Seychelles. You will regret if you try.

Yes, only need passport and proof of address. Notarisation is taken care by my service provider. So of you might say that Cook Islands company is good. Indeed, to certain extend. But pricing is higher but many banks may have problem getting account as they are not familiar with it.

Every jurisdiction need DD but the things required can be different. Seychelles has to make declaration about the director as well. Just that to get a referral letter to have a BVI company is too much.

Not really for me, is the same old rules for me. I only need to provide proof of address and passport and I have my BVI company. How come you guys are having problem? As far as I know, I was told that there will be an increase in pricing this year.

But will you be able to send money out of the account? That is the most important.

Hey Auric, What is the update from Breder?

The reverse is happening in the US. I was told by a banker, he said the US is the new money laundering haven in the world for non-US citizens. The funny thing about FATCA is other countries are required to report US citizens to the US when they have accounts in overseas. But there is no rules to...

For US citizens, it is not that easy. But with Donald Trump, you never know what he will do next.

Nothing.

Actually, Bitcoin can be tracked as it is an open ledger blockchain system. But you need to have the wallet number to track and some wallet providers do not require personal documents to register an online wallet which made Bitcoin users a bit anonymous. Of course, if too much cash or bitcoin...

How can I fire him directly on the watchlist of FBI / CIA? Don't think the CIA or FBI will be interested in doing this kind of case. Unless the case is as big as 1MDB, it is a different animal. I do know fund managers that do money laundering for a living.

Auric, your are right to say that. But the fact that this statement came from a licensed fund manager, it seems to me it is no different from a bucket shop. However, if trasnfer in $1m into a licensed offshore brokerage acct that has minimal KYC, I am fine to do so.