1. What countries, not necessarily limited to the EU, would be good options
2. Other options other than cash?
2. Other options other than cash?
Challenge> Need to pay $1M without leaving trace
- Thread starter Artemis Eleutheria
- Start date
- Status
I never ever deal with USD as I will never want to give the US jurisdiction over me when I have no connection to US, plus rates are heading to zero in USD plus Trump's tweets..lol. I had looked at Sterling but with brexit forget GBP. I am old enough to remember the black Wednesday of 1992 and its about to repeat itself if UK makes wrong moves 🙁. Other non-negative yielding currencies are too exotic or volatile for my zero risk on cash policy.
for such requirements you must continously fish your banknotes, make withdraws from bank, keep the best bank notes, deposit the small denominations, again and again, patience is needed but if you have a lot of debit cards and a lot of different bank accounts, more than 10 lets say, it can be done...
I am not aware of such a thing. I however choose not to hold US assets or touch USD for ideological reasons firstly and secondly I have no use for USD in my life. USD is a pointless currency in my lifestyle.
Artemis.. I'm a little disappointed. I thought you're more advanced than that. Or maybe you're just being super lazy and trolling me. For the first question about pro-cash countries in the EU, search my posts of last 30 days, you'll come across a PDF.
Since you start with clean funds deposited in a bank of a high rep country, your opportunities are endless. If you don't want to trust anyone else with this, you have various options that require no special kind of middlemen. Each option comes with a different risk profile. With that said, at one point, if it's eventually a 8-figure relationship, a good middleman will become well-worthwhile as a risk reduction measure.
I'll give you two good︀ (but not excellent) no-middleman-solutions today. I'm too lazy to write an essay about all solutions.︁ Also, I'm not sharing my personal favorite solutions on a public forum. Fair enough?
Hypothetical scenario (since you gave no details): Sender in Germany -> Recipient in China
1.0 What's︂ in the box?
1.1 Sender leases or purchases a safe deposit box in China.
1.2 Sender purchases gold bullion from a local seller, and a symbolic gift like Rolex or︃ Patek, and puts it in the safe deposit box.
1.3 Sender delivers key or lock︄ combination of the safe deposit box to the recipient.
1.4 Recipient empties the safe deposit︅ box, sender ends the lease of safe deposit box (or keeps it for future business︆ dev56""").
1.5 Recipient cashes in gold bullion for stocks/bonds/yuan or other securities he likes. Physical︇ gold is highly liquid in China.
Caution: go for a low-end safe deposit box, but︈ not a ridiculously unsafe box like an aluminium box at a bus stop. An ultra︉ safe box that requires ID verification and documentation for every "door open" will not be︊ the best fit for this purpose. Do one "door open" yourself to ensure the recipient︋ won't encounter any withdrawal issues.
---
2.0 Gambling Issues
2.1 Sender and recipient meet on︌ a holiday, in a special pro-casino jurisdiction where AML laws, enforcement (or both) are lax.︍
2.2 Sender and recipient sit down in a VIP zone. After 2 drinks and one︎ hour of 1-on-1 poker, the recipient cleans you.
2.3 You, the sender, leave casino in️ tears and the recipient leaves a happy dude with a hot bitch by his side.
Caution: Pick a popular high end casino. You want that 1M to blend in and look like nothing special.
For additional risk mitigation measures, it's best if you have a connection in the casino. Specifically ask for no cameras, no observers VIP table. Maybe for the right tip, the cameras will go off and player names will not appear anywhere. This stuff won't work in Europe due to harsh AML controls, but in south-east Asia, it's possible.
Lastly, why not consider other identity-concealing safety nets, such as the usual poker︀ clothing - oversized sunglasses, wigs, cool hoodies. Pro tip: Maybe @Martin Everson can lend his︁ kebabmaster hoodie.
Since you start with clean funds deposited in a bank of a high rep country, your opportunities are endless. If you don't want to trust anyone else with this, you have various options that require no special kind of middlemen. Each option comes with a different risk profile. With that said, at one point, if it's eventually a 8-figure relationship, a good middleman will become well-worthwhile as a risk reduction measure.
I'll give you two good︀ (but not excellent) no-middleman-solutions today. I'm too lazy to write an essay about all solutions.︁ Also, I'm not sharing my personal favorite solutions on a public forum. Fair enough?
Hypothetical scenario (since you gave no details): Sender in Germany -> Recipient in China
1.0 What's︂ in the box?
1.1 Sender leases or purchases a safe deposit box in China.
1.2 Sender purchases gold bullion from a local seller, and a symbolic gift like Rolex or︃ Patek, and puts it in the safe deposit box.
1.3 Sender delivers key or lock︄ combination of the safe deposit box to the recipient.
1.4 Recipient empties the safe deposit︅ box, sender ends the lease of safe deposit box (or keeps it for future business︆ dev56""").
1.5 Recipient cashes in gold bullion for stocks/bonds/yuan or other securities he likes. Physical︇ gold is highly liquid in China.
Caution: go for a low-end safe deposit box, but︈ not a ridiculously unsafe box like an aluminium box at a bus stop. An ultra︉ safe box that requires ID verification and documentation for every "door open" will not be︊ the best fit for this purpose. Do one "door open" yourself to ensure the recipient︋ won't encounter any withdrawal issues.
---
2.0 Gambling Issues
2.1 Sender and recipient meet on︌ a holiday, in a special pro-casino jurisdiction where AML laws, enforcement (or both) are lax.︍
2.2 Sender and recipient sit down in a VIP zone. After 2 drinks and one︎ hour of 1-on-1 poker, the recipient cleans you.
2.3 You, the sender, leave casino in️ tears and the recipient leaves a happy dude with a hot bitch by his side.
Caution: Pick a popular high end casino. You want that 1M to blend in and look like nothing special.
For additional risk mitigation measures, it's best if you have a connection in the casino. Specifically ask for no cameras, no observers VIP table. Maybe for the right tip, the cameras will go off and player names will not appear anywhere. This stuff won't work in Europe due to harsh AML controls, but in south-east Asia, it's possible.
Lastly, why not consider other identity-concealing safety nets, such as the usual poker︀ clothing - oversized sunglasses, wigs, cool hoodies. Pro tip: Maybe @Martin Everson can lend his︁ kebabmaster hoodie.
+1
USA behaves pretty good for a super power. Looking at the overt heat Trump's been taking over his unethical conduct, it's definitely the place with most checks and balances among the 3. Just imagine if political opponents showed similar degrees of disrespect and hate towards Putin or Xi, even if for a reason.
---
@Artemis Eleutheria If you're wondering how you'd pay for the gold bullion or casino chips to implement #1 or #2, get a few corporate debit cards from 2-3 different domestic banks. Since you said the funds are clean, I assume the corporate tax has been paid︀ - therefore, for any domestic or foreign AML checks, show the corporate income tax return︁ of 2018.
If there's no further negative tax consequence on personal or corporate level (idk︂ where you live), consider taking a profit out of the company so that you can︃ buy the bullion (or chips) with an account in your name. Ruining the accounting records︄ of a legitimate income-generating business with questionable purchases abroad is probably not worth it, even︅ if you can get through the AML checks with careful planning.
Which of the 2︆ options is better? It depends - the latter generates a source of funds document (casino︇ winnings) for the recipient whereas the former won't. If the recipient is sophisticated and connected,︈ he can cash in the gold without any source of funds documents, if not, he︉ will encounter difficulties. The first option makes it virtually impossible for someone to connect you︊ with the recipient whereas casino game logs, or camera recordings may lay a sufficient piece︋ of evidence that can be later used to connect you and the recipient.
Both good︌ options, but slightly different in their risk profile.
USA behaves pretty good for a super power. Looking at the overt heat Trump's been taking over his unethical conduct, it's definitely the place with most checks and balances among the 3. Just imagine if political opponents showed similar degrees of disrespect and hate towards Putin or Xi, even if for a reason.
---
@Artemis Eleutheria If you're wondering how you'd pay for the gold bullion or casino chips to implement #1 or #2, get a few corporate debit cards from 2-3 different domestic banks. Since you said the funds are clean, I assume the corporate tax has been paid︀ - therefore, for any domestic or foreign AML checks, show the corporate income tax return︁ of 2018.
If there's no further negative tax consequence on personal or corporate level (idk︂ where you live), consider taking a profit out of the company so that you can︃ buy the bullion (or chips) with an account in your name. Ruining the accounting records︄ of a legitimate income-generating business with questionable purchases abroad is probably not worth it, even︅ if you can get through the AML checks with careful planning.
Which of the 2︆ options is better? It depends - the latter generates a source of funds document (casino︇ winnings) for the recipient whereas the former won't. If the recipient is sophisticated and connected,︈ he can cash in the gold without any source of funds documents, if not, he︉ will encounter difficulties. The first option makes it virtually impossible for someone to connect you︊ with the recipient whereas casino game logs, or camera recordings may lay a sufficient piece︋ of evidence that can be later used to connect you and the recipient.
Both good︌ options, but slightly different in their risk profile.
I am not trolling you. Just leveraged on your input in order to see if anyone would come up with cash delivery locations outside EU ... and alternatives to cash. It was not aimed intentionally at you.
It might be perceived as lazy, but I seem to get better responses when I do not presume that I know more than anyone else ... it is better to be Socrates.
Right now the default solution is as described by︀ TowelHead ... cash in CH. There are minor accounting issues, plus transportation issues for recipient︁ (if they do not want funds to stay in CH).
It might be perceived as lazy, but I seem to get better responses when I do not presume that I know more than anyone else ... it is better to be Socrates.
Right now the default solution is as described by︀ TowelHead ... cash in CH. There are minor accounting issues, plus transportation issues for recipient︁ (if they do not want funds to stay in CH).
Fresh meat for the chop chop square. Also accept my apologies for calling it kebabmaster hoodie previously, although what I really meant is that it looks like a beautiful piece of clothing for the makers of quality food. Like the black belt in karate. I'm already regretting what I said.
In a coffin with a dead body on top.
No seriously, there is nothing illegal about transporting cash if you declare it.
No seriously, there is nothing illegal about transporting cash if you declare it.
I didn't think the OP's question was about tax evasion. If it is then the funds are not legit at all as tax evasion is a crime in most countries 😕.
Artemi, the solution provided in CH is the more safest one at the moment, due to its capability of big amount on paper money.
PS: Greek here 🙂
- Status