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Originally Posted by sperbonzo
Yes, I do deal with firms that are directly affected by this deal (I'm thinking you probably have no idea what I do besides CC processing and offshore bank consulting). And no, innocence is no protection against asset freezing and financial ruin that often happens when it comes to dealing with OFAC. Oh, you may get your your money back in a year or two when they are done with you, but what do you live on in the meantime? There is no banking privacy in Panama for US citizens so they are better off trying to hide money in China at this point. I'm telling you, this article is factually and inferringly wrong.
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Oh so you're saying it's b.s. because you have issues with banks because they freeze money... well, that's easy to work around... don't use those banks for anything that's related to a transfer/movement of money.
I personally know several people within this Industry (as do others), that have setup with corp boards in Panama, which setup other corps for you, in unique places... allowing you to move money, ie: "transfer pricing" - into various corps (which doesn't have to be in Panama). So basically they do various types of fake business transactions that actually buy nothing and do nothing, other than move money to avoid paying taxes... which is criminal
The people that can do this for you... post on gfy.