The days when banking secrecy was one of the strengths of financial institutions is part of a recent past that will never come back. Therefore, the farewell to anonymity is definitive. Today, opening a bank account abroad is very complicated, because countries that impose heavy taxes on their citizens have pushed to impose new global regulations that requires banks to verify the profiles of their customers and to repeatedly check where the saved funds comes from. Moreover, now that banks know they can be held accountable for the actions of their clients, they are much more cautious when identifying new clients and their activities.
International regulations provide huge fines to banks that don’t comply with the new established financial policies. The potential risks to banks also include the possibility of losing correspondence accounts and, even worse, license cancellation, which would result in the Bank’s liquidation (this recently occurred at Loyal Bank of St. Vincent and Choice Bank of Belize).
What are the legal options available?
Faced with this reality, it’s more complex to open a bank account abroad and if the person wishes to open it remotely, without going personally to the bank, the difficulty is tripled.
For over 30 years, our law firm have been assisting clients from all the continents in the process of opening bank accounts abroad. At present, it’s clear that the most essential thing is to use different financial entities in order to increase the protection of capital and, among the new legal options available, appears Cryptocurrencies to electronic wallets.
We equally ask you to fill out the form below, which will permit us to have a more precise idea of your profile. From this analysis, we will offer you the options for external bank accounts, Cryptocurrency accounts and electronic wallets that best suit your needs.
If your intention is to keep a security deposit in a personal bank account abroad, with just a simple telephone consultation, we will explain to you of where and how to open it.
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