Liechtenstein private banking
- Thread starter alextma
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Oh yes. Now I understand what you mean – and I︂ agree with you at this point.
(Remark: To make a judgement really enforceable abroad is︃ IMO still not quite simple even between the countries engaged in Lugano Convention; but it︄ is not the core.)
See this Question - Liechtenstein︇ private banking post of @Konstanz...
Do you have in mind an accusation of money laundering, making a child pornography or similar︊ wrongdoing that would be eagerly processed even by Liechtenstein institutions? (Because otherwise, it is true︋ that it is not so cheap and simple to start a court case in Liechtenstein...)︌
None, I would say – and I guess that this is what︎ you mean 😉
(Remark: To make a judgement really enforceable abroad is︃ IMO still not quite simple even between the countries engaged in Lugano Convention; but it︄ is not the core.)
See this Question - Liechtenstein︇ private banking post of @Konstanz...
Do you have in mind an accusation of money laundering, making a child pornography or similar︊ wrongdoing that would be eagerly processed even by Liechtenstein institutions? (Because otherwise, it is true︋ that it is not so cheap and simple to start a court case in Liechtenstein...)︌
None, I would say – and I guess that this is what︎ you mean 😉
I’m not talking of a formal accusation, just of a Google search result. All what it takes is someone who writes a defamatory article on you, and the bank will act without the need of a court order.
Well... yes, it might happen nowadays, unfortunately. Nevertheless, I still think that such an article should concern something like I have mentioned above, to trigger an action. But – fortunately – I have no personal experience with such an issue, so difficult to judge.
Remember that money laundering can be attached to just any kind of supposed wrongdoing. In fact, it’s the usual trick used by state authorities to freeze accounts for whatever reason, including tax evasion, which is not a crime in many countries.
Whereas a defamatory article can claim about anything and then it will be up to︀ you to prove it false in a court, which can take months or years. Meanwhile︁ the bank (which might have been alerted - anonymously - by the author of the︂ article) will freeze the account, or, in a best case scenario, close it because of︃ “reputational risk”.
Whereas a defamatory article can claim about anything and then it will be up to︀ you to prove it false in a court, which can take months or years. Meanwhile︁ the bank (which might have been alerted - anonymously - by the author of the︂ article) will freeze the account, or, in a best case scenario, close it because of︃ “reputational risk”.
Yes, of course; I have understand what you meant. Further reaction of mine is to @JohnnyDoe's warning (that is, unfortunately, not just a paranoia...)
From your mentioned needs here the only Bank in Liechtenstein with some Retail Banking Offering means: Current Account, Debit Card an normal Wire Transfer Charges is LLB (Liechtensteinische Landesbank) - they onboard even FZCO with 500.000 EUR in︀ Dubai DIFC Branch so I can imagine for Personal Account it could be even lower.︁
All the other mentioned banks are Private Banks charging you 100 CHF for a Wire︂ Transfer sometimes even have a Credit Card / Debit Card only some EU Cards /Local︃ Cards like Maestro and want to have at least 350.000 CHF in invested Assets like︄ Bendura - they even have issues with being used for daily transaction purpose.
If it︅ doesn't need to be a Liechtenstein Bank just use Swissquote in Switzerland like already mentioned︆ here.
All the other mentioned banks are Private Banks charging you 100 CHF for a Wire︂ Transfer sometimes even have a Credit Card / Debit Card only some EU Cards /Local︃ Cards like Maestro and want to have at least 350.000 CHF in invested Assets like︄ Bendura - they even have issues with being used for daily transaction purpose.
If it︅ doesn't need to be a Liechtenstein Bank just use Swissquote in Switzerland like already mentioned︆ here.
Exactly, which leads you to question what people would pay 1.90% on purchase and 0.35% custody - people with shitty structures from bad jurisdictions that DBS won't touch with a ten foot pole. Ask yourself if you want to be banking in the same bank as these people...
Rule of thumb: If some of the shadier people on this forum say that a bank accepted them, maybe︀ best to avoid that bank
Rule of thumb: If some of the shadier people on this forum say that a bank accepted them, maybe︀ best to avoid that bank
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