The Benefits of Swiss BankingWritten by Peter Flowers
Switzerland is world's largest offshore financial center; larger than London, New York or even Frankfurt.The Swiss banking sector as a whole has established this dominant position through a long tradition of political, economic and financial stability and some key principles, one of which is Swiss banking secrecy. Swiss bankers have also built a solid reputation for managing investment portfolios for their clients and providing a wide array of services such as estate planning, wealth management, trust companies, Gold numismatics, Derivatives and confidential brokerage accounts. Swiss law is especially strict about any breech of confidentiality, whether
| | How Secure are Your Bank Account and Assets?Written by Peter Flowers
If you're reading this you most likely live in a first world country with established banks, a stable government and a safe neighborhood -- somewhere you can sleep at night knowing your family’s future is safe.But are you really safe? In last few years, laws such as Patriot Act in US have been approved that effectively take your rights to privacy and financial well being away. These same laws that were meant to protect us are now instead being used as a loophole by high power lawyers and government agencies to access your banking records, garnish money and freeze your assets. In fact, currently US banks automatically report to government agencies on activities of their clients, including you. What's worse, your hard earned savings can now be legally garnished from your bank account by government agencies and creditors who may believe they have a claim against you. In US alone you stand a 1 in 4 chance of being sued if your net worth exceeds $100,000. Not a lot of money! Can you sleep at night? Many offshore tax havens are no longer safe either. The Patriot act has enabled US to attack privacy laws in Bahamas, and UK has even forced Jersey Islands to fully disclose beneficial ownership information.
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