The Benefits of Swiss BankingWritten by Peter Flowers
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in banking or in other commerce. All banking Employees must sign secrecy portion of banking act as a condition of employment. The banking act also adds a special section making it a criminal offense, with possibility of jail, time for any employee or agent who has been deemed to have improperly divulged any confidential information. These portions of banking law have been interpreted, both in practice and by courts, to make it a serious offense to divulge any information about a bank customer to a third party, including official requests from foreign governments. It’s no small wonder that Swiss bankers are very popular in world of offshore banking.
Peter Flowers is the owner of Liberty Enterprises Inc., a resource and service for those seeking offshore banking services. For more information, please visit the website http://www.confidentialbanking.com/
| | How Secure are Your Bank Account and Assets?Written by Peter Flowers
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Indeed there are very few places now with real asset protection. However, tax haven of Panama is one such place that still enjoys complete company formation privacy and asset protection. Panama constitution provides highest levels of banking and corporate privacy laws in world. With Britain's proposed regulation for removal of bank and corporate book secrecy in UK offshore territories, it is clear that Panama will remain one of only secure offshore financial centers in terms of privacy and confidentiality that is not only respected, but vigorously protected by constitutional law. Panama has no mutual legal assistance treaties for sharing of banking information with any other nation, and does not recognize court rulings from other countries. In fact, revealing banking information to third parties is a crime in Panama, punishable by imprisonment. There is no such thing as "piercing corporate veil" in Panama. Panama Corporations also offer "Bearer Shares", allowing shareholders to maintain 100% privacy and confidentiality.
Peter Flowers is the owner of Liberty Enterprises Inc., a source for offshore banking services and information.
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