Offshore destinations and authorities

[ralfkuefer]

Hello!
I was thinking today and wondering if anyone had some experience with this topic.
Jurisdictions like Seychelles and Marshal Islands don't have open registers and claim secrecy but what if the police / IRS / any other serivce inquiry them about it? Do they have to comply?

Here are some hypotetical situations

1. A company sold stolen assets to a legit company, the legit company tried to resell it and they buyer noticed it was stolen and reported the local police.

2. You have been using offshore companies for aggresive tax optimization. There was a leak from your incorporation agency and your local goverment is now looking to pursue you for tax evasion.

3. A company in which the 100% shareholder is an offshore company commited fraud, what do the authorities do to learn more about the shareholder?

Also looking for general discussion in this matter.

 

[Seychelles Service]

ralfkuefer said:
Hello!
I was thinking today and wondering if anyone had some experience with this topic.
Jurisdictions like Seychelles and Marshal Islands don't have open registers and claim secrecy but what if the police / IRS / any other serivce inquiry them about it? Do they have to comply?

Here are some hypotetical situations

1. A company sold stolen assets to a legit company, the legit company tried to resell it and they buyer noticed it was stolen and reported the local police.

2. You have been using offshore companies for aggresive tax optimization. There was a leak from your incorporation agency and your local goverment is now looking to pursue you for tax evasion.

3. A company in which the 100% shareholder is an offshore company commited fraud, what do the authorities do to learn more about the shareholder?

Also looking for general discussion in this matter.
Click to expand...

no jurisdiction in the world would allow crime and violation of the law
To this end, the Registry and the agents must by law disclose all data to the investigators.

 

[onemansomewhere]

This really depends on many factors:

1. Does have a country where criminal investigation is led any relevant international treaty with Seychelles or Marshal Islands?
2. How strong is a diplomacy of country which leads criminal investigation? Are they able to negotiate something with this countries, even without having any international treaty?
3. Is a crime for which is person investigated also a crime in Seychelles of Marshall Islands? - If no, then there is no way how other country can receive data.

In every case, a search warrant has to be issued by a local judge in Seychelles or Mauritius. Judge will consider a complete case by the view of a local law system..

There is no exact answer to your questions without knowing exact fundaments..