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
high 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 œ45,000. Accordingly, to
open
a Swiss account with œ1,000,000 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 œ50), 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 (perhaps 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
average
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.
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