Odds?
- Thread starter Alfrankenstein
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It depends on the bank and on who you are.
If you are worrying about FATCA, you are probably a US person. In that case, there is a near 100% certainty that the bank will report you, unless you bank with a non-FATCA bank in a non-FATCA jurisdiction. But even then, they may still inquire about Source of Funds.
If you are worrying about FATCA, you are probably a US person. In that case, there is a near 100% certainty that the bank will report you, unless you bank with a non-FATCA bank in a non-FATCA jurisdiction. But even then, they may still inquire about Source of Funds.
You don't want to do that. Almost no offshore bank will touch US citizens because of FATCA and other trouble they ask for by doing so.
But what if a u.s. legal resident somehow stumbled upon an offshore bank that didnt ask for source of funds and at the same time told them that they werent going to report them to fatca even if they knowingly knew︀ ahead of time that they were only a greencard holder? What are we to make︁ of this? What can we safely assume of such a situation...? They had like $100︂ million usd or more of undisclosed funds... would it matter at that point in what︃ part of the world the bank/s would be located? Would the bank who told this︄ potential client this information have great credibility? What would this say about such bank playing︅ such a role...?
The Nigerian prince is desperate rof/%
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
There are no such banks.
That you're speaking with criminals.
Anything is possible when you let your imagination run wild.
You're either losing 30% of those 100 million USD (FATCA non-compliance penalty) or dealing with︁ swindlers.
No, banks that violate FATCA and risk a 30% tax on︃ all USD transactions and risk being cut off from having USD access would not have︄ great credibility.
Most likely, that it doesn't exist.
That you're speaking with criminals.
Anything is possible when you let your imagination run wild.
You're either losing 30% of those 100 million USD (FATCA non-compliance penalty) or dealing with︁ swindlers.
No, banks that violate FATCA and risk a 30% tax on︃ all USD transactions and risk being cut off from having USD access would not have︄ great credibility.
Most likely, that it doesn't exist.
It's year 2023, and the prince is still around, amazing 😀
I remember the first time I heard from him, well over 20 years ago, it was an unsolicited fax
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I remember the first time I heard from him, well over 20 years ago, it was an unsolicited fax
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I'd have to call BS on this.
1) Sketchy Bank (likely being surveilled already - guilty by association with the IRS CLI up your arse later on.
2) Risk taking bank which will result in Indictments in due course and a entrapment tool, IRS CLI up your arse sooner than later on.
1) Sketchy Bank (likely being surveilled already - guilty by association with the IRS CLI up your arse later on.
2) Risk taking bank which will result in Indictments in due course and a entrapment tool, IRS CLI up your arse sooner than later on.
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