Open a foreign bank account with no papertrail leading back to you.
The only way to eliminate a paper trail is to go
in to your new bank personally or through a
lawyer and open your account with untraceable
cash or a commodity like gold. As many banks
around the world are required by their
governments to restrict or report the amount of
cash they accept from new accounts, it may be
necessary to either open a number of small
accounts and later consolidate them, or to take
really hugh sacks of cash into banks in those
remaining few jurisdictions that don't care about
conforming to Big Brother's wishes.
In Switzerland currently, most banks will accept
a maximum of 100,000 Swiss Francs from a new
customer. This is around $90,000. Accordingly, to
open a Swiss account with $2,000,000 in it, it
would be necessary to make 25 trips, or to open
around 25 different accounts in cash at various
branches or other Swiss banks and later combine
them into one big account.
Once you have a personal relationship with a
banker, however, he can make special arrangements
with you (regarding confidential movements of
cash) everywhere in the world - of course not in
those countries where Big Brother and the Bureau
Rats are in total control. An established
customer in Switzerland can deal in unlimited
amounts of cash if the banker feels his client's
source of funds is legal.
Second best for breaking the paper trail is
perhapes bearer securities. These are simply
shares of companie or bonds that are issued to
bearer. The companu has no record of who the
owner is. They are outlawed in the USA, but
available everywhere else. One deposits bearer
securities with the new bank and tells the new
bank either to hold them, or to sell them and
deal with the proceeds as directed. With bearer
securities there is a potential trail (very
difficult to follow) if you bought the bearer
securities in your own name through a stockbroker
or bank. Thus it is best to explain to the
stockbroker when you buy, that your objective is
confidentiality. A good stockbroker will arrange
for an anonymous purchase.
A third possibility is to purchase something (an
object or commodity) that you know can be shipped
abroad and sold. Gold, rare coins, stamps,
jewelry, antiques, art works - all these are
possibilities. But if you are in a hurry, nothing
works as well as cash. But even cash takes up a
lot of space in a suitcase if you use sterling
(largest note is $100), or dollars (largest note
is 100 dollars).
Which countries have the largest denomination
notes?: most people believe it is Switzerland.
Their 1,000 franc note is worth around 750 US
dollars. Canada also has a 1,000 dollar note
worth about 800 US dollars. But Singapore , with
a strong, well accepted currency has 10,000
dollar notes in common circulation. They are
worth closer to 7,000 US dollars. Using Singapore
banknotes, 14 million is US dollars value can be
crammed into an ordinary attache case, and 1
million US dollars can be stuffed into a pocket
or belly money-belt.
Transit accounts: Aside from cash, the simplest
way to break the paper trail from a practical
point of view is to use transit accounts.
Briefly, a transit account is simply an account
in a different name (perhapes a corporation), and
in a country with bank secrecy. Funds are routed
through two or three such accounts. Investigators
usually can't be bothered to go through the legal
procedures in foreign countries which can take an
averge of six months per account. Since most
banks don't care much for bank robbers, drug
dealers etc. they will usually give much faster,
voluntary co-operation where evidence is given
that the money comes from these illicit sources.
