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Why We Do Not Use Panama & the Other Offshore Tax Havens Anymore (June 2009)Important Banking News Alert – Bank Reference Letters
What Do You Want To Protect?Private Offshore Panama Bank AccountPanama Bank Secrecy LawsPanama Virtual Office for Panama Bank DepositsPanama Legal, S.A. Bank Comparison ChartImportant Banking News Alert – Bank Reference LettersOffshore Personal Bank Account in Panama, Belize or St. VincentReal Estate Asset ProtectionPanama Real Estate Purchaser Legal RepresentationBullet Proof Asset ProtectionDouble Bullet Proof Asset ProtectionJudgment ProofingMulti–Jurisdiction Banking AccountsAnonymous No-Name Debit ATM CardPanama Legal, S.A. Bank Comparison ChartOffshore Banking AnonymouslyOffshore Cash Deposits and TransactionsHow to Get a Non– Freezable Bank AccountAsset Protection Using Offshore Banks in Multiple JurisdictionsOne Compelling Argument to Move Assets Offshore – LawsuitsAsset Forfeiture & the New Tax TreatiesOffshore Personal Bank Account in Panama, Belize or St. VincentThe OECD and the Tax HavensAnonymous Visa Cards (New May 2009)Asset Protection – Gold, Silver, USD, Euro, Yen, Swiss FrancWhy We Do Not Use Panama & the Other Offshore Tax Havens Anymore (June 2009)Panama Facts – The ones they do not tell you about!Important Banking News Alert – Bank Reference LettersPrivate Offshore Panama Bank AccountPanama Law & Civil Judgment CollectionHow to Get a Non– Freezable Bank AccountPanama Virtual Office for Panama Bank DepositsPanama Legal, S.A. Bank Comparison ChartOffshore Personal Bank Account in Panama, Belize or St. VincentPanama Real Estate Purchaser Legal RepresentationPanama Bank Secrecy LawsPanama Law & Civil Judgment CollectionAsset Protection in the USAWhat Will You Do if the FDIC Fails?USA Ending Bearer Share CorporationsAllen Stanford Charged with 7 Billion Dollar FraudImportant Banking News Alert – Bank Reference Letters9/11 CoincidencesUSA Debt Now at $546,688 per HouseholdTennessee Strikes Again – New Gun LawWhen the People Fight BackObama Considering Preventive Detention for TerroristsAmazing 9/11 Videos Exposing Video EditingChina Increasing Gold ReservesRussia Drops US Dollar as Reserve CurrencyWhere Are the States Rights Laws Going?Real ID Act Rejected by 12 States AlreadyStates Rights Bills Now Calling for Gold & Silver MoneyOver 1,000,000 Guns Purchased in April 2009 in USATexas and Alaska Propose Bills to Opt Out of Federal Firearms LawsSecession Mania Spreads to Long Island, NYMoves to Disqualify Obama as PresidentWho In the Police State Gets Extra Legal Exemptions?Tennessee Proposes New Gun Law Similar to Montana New Gun LawProblems in the USA: May 2009Retail Stores Closing in USA – April 2009Montana Governor Signs New Gun LawWhat Will Happen in the USA as the Financial Crisis Worsens?USA Gun ControlTrigger Points for Civil UnrestStop Tax Haven Abuse Act Dead – 03/12/09USA People Living in Tents – AgainAre You Secure In AmericaS 506 – Stop Tax Haven Abuse Act 03/04/09Shocking Study – 1 in every 31 USA Adults in Prison SystemSwiss Start to Retaliate at the USA over UBSUBS Swiss Bank and the USAUS States Filing State Sovereignty LawsSwitzerland Stands Up to The USAUK Parliament Member Verbally Attacks UK Prime Minister Brown (Brutal)Swiss Bank Secrecy Compromised – The Facts 03/13/09Swiss Court Stops UBS From Handing Over Information on American ClientsEU Civil Unrest Starting!UBS Swiss Bank Closing Accounts of AmericansShould You Talk To Law Enforcement Officials?Translate this page into...
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This is an international organization that promotes polices and procedures for financial institutions worldwide to follow in an effort to combat Money Laundering and Terrorism.
FATF focused a lot of its energy on offshore banking, offshore corporations, offshore trusts, and offshore stock brokers. FATF did not seem to be very interested in offshore taxation directly. FATF made things like the Austrian Sparbuch accounts go away and numbered bank accounts go away too. The days when you could go into an offshore lawyer’s office and buy a corporation complete with an already opened bank account for cash along with 200 pre-signed checks was over forever.
FATF are the people whose policies inconvenience you every time you wish to engage in a financial transaction anywhere in the world. We have no idea how effective or ineffective their practices and policies are. All we know is that they are in place and they have changed offshore banking and offshore corporations globally. Perhaps the world is a better place to live in today because of these policies, we do not know so, and can only hope so.
| Bahamas | Lebanon | Panama |
| Cayman Islands | Liechtenstein | Philippines |
| Cook Islands | Marshall Islands | Russia |
| Dominica | Nauru | St Kitts and Nevis |
| Israel | Niue | St Vincent and the Grenadines |
| Egypt | Guatemala | Indonesia | Nigeria |
| Grenada | Hungary | Myanmar | Ukraine |
In the year 2006 only Myanmar was on the blacklist. All the other countries complied sufficiently to be removed from the blacklist.
The blacklist is sort of a wake up call to implement better practices and procedures usually with deadlines. Only three times has FATF implemented counter measures to countries and they have all been removed. The three countries were: Myanmar, Nauru and Ukraine
These countries were eventually pressured to comply with FATF guidelines to get off the blacklist. Panama hired a lawyer who is a genius to write their anti-money laundering laws. He fought vigorously to show they were up to standards and got Panama removed from the blacklist a few years ago while leaving Panama intact as an asset protection tax haven and offshore jurisdiction. Panama still has anonymous bearer share corporations and anonymous foundations. The man was simply brilliant.
FATF made 40 recommendations to be followed by financial institutions to combat money laundering and terrorism and they can be found here:
Money Laundering: http://www.fatf-gafi.org/
They then came up with an additional nine recommendations to prevent terrorist financing which you can access through this link:
Prevent Terrorist Financing: http://www.fatf-gafi.org/
These and above links came from:
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