Offshore Banking and Money Laundering Myths Dispelled
A new Web site guides subscribers through the latest technologies and techniques to keep a low profile on the Internet and in oneâs financial holdings.
Members of Power Privacy (www.powerprivacy.com) learn the little-known limitations of anonymous Web surfing, anonymous e-mail, anonymous proxy, remailers and encryption, and why privacy seekers can no longer rely on these technologies. Other new approaches are recommended. Innovative directions are given for setting up maildrops without fake ID, and for PayPal verification in any name. Likewise, the site details the #1 mistake people make that compromises their identity when setting up supposedly anonymous offshore holdings, and why complicated offshore structures rarely assure complete anonymity.
âItâs a very different world today than when offshore companies, IBCs, investment or asset protection trusts and other structures were developed. Or when the books were written that popularized their use for tax planning or other financial privacy,â? said Power Privacy co-founder and publisher Jonathan Winthrop. âPower Privacy offers timely new information for post-Patriot Act era scrutiny of assets and Internet and offline activities, and provides new insight into how to avoid scams, tax fraud and credit card fraud.”
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