Bank for >$100k transactions with transparent CRS implementation

[Midas Gordiusson]

I'm looking for an offshore bank that:

• I can trust with regular $100k+ transactions.
• Has a transparent and reliable interpretation/implementation of CRS. I expect them to report the account holder (a company and/or it's representative), but not the consultant who is managing the account for the company.
• Accepts offshore companies as clients.
• Ideally 100% online/mobile.
• Ideally SEPA.

I was thinking LeuPay but looks like they have a $30k/month limit. Also don't know how they handle CRS. Would they report only the "Business information" as part of CRS or also the "Business Contact"? See their registration form here.

Thanks for any insights on LeuPay or other banks on this matter.

 

[Milky Moon]

http://www.the-best-of-both-worlds.com/support-files/oecd-crs-loopholes-report.pdf

The OECD CRS Loopholes report, Updated for May 2017 gives us the following gems:

A1
Residence-by-investment schemes
-> Non-fiscal residency certificate

A2
Untaxed foreign investment entity managed insame jurisdiction as Equity Interestmaintaining offshore account
-> No reporting as FI and B.O. in same county

B2
Investment manager on assets maintained inNon-Participating Jurisdiction
-> Investment manager manages accountmaintained with US Custodian Institution

B3
FI shift client account to related FI in NonParticipatingJurisdiction
-> FIs advise clients to close accounts and setup account in related FI, invariably in USA

G1
Hong Kong Occupational Retirement Scheme
-> Sham pensions for non-residents

(Hong Kong Occupational Retirement Scheme Ordinace )
This looks very apealing.., however as opening a non-res bankaccount is very difficult, does anyone know FI that provide these scheme's?

CRS loopholes

 

[hiju]

Thanks for this nice share @Milky Moon you are an great asset for this forum 😉

 

[anticfc]

Is this PDF available somewhere? The link seems to be dead.