assuming that a cybercriminal has stolen millions from banks around the world like the billion dollar hack and that they decided to place their money in offshore bank accounts, how would their privacy be protected by these offshore banks then? assuming again of course that there has been no criminal complaint to the banking officials, how would someone place as much money as possible as they wanted in offshore bank accounts assuming that banking privacy would be in effect? how does bank secrecy really work then in the first place? or is this a double standard? why is it that offshore banks have gotten a bad rap because of dirty money supposedly being there? can someone please explain to me bank secrecy. thank you.
