Offshore assets: How does the money get there?

[elehhhhna]

This is the important question. Moving your money directly offshore is traceable (unless it's cash on a private plane). Offshore accounts are OFTEN funded illegally. Bribes, payoffs - how are they delivered? You can't just cut the guy a check and have him drop it off at Bank of America.

Tax avoidance is one motive but a larger question is WHO FUNDED THE OFFSHORE ACCOUNT/S?

[banned from Kos]

1. There are some interesting stories about USB and Credit Suisse runners who

deliver cash on private planes to clients in the USA.

[elehhhhna]

2. diamonds in the toothpaste tube!

[JDPriestly]

3. This question needs to be answered.

Some corporations hold board meetings in a country into which they deposit their money.

The income in those accounts may have been earned on foreign investments. All that off-shoring? Must earn money on the investments overseas.

[AnotherMcIntosh]

4. Wikihow -- How to Transfer Funds to an Offshore Bank Account

http://www.wikihow.com/Transfer-Funds-to-an-Offshore-Bank-Account

[baldguy]

5. One other thing - you don't open a secret offshore bank account for the free toaster.

You open a secret offshore bank account for the secrecy.