Offshore Banking

#41
Re: Offshore Banking

Actually, this act does make the placing of a wager via the Internet illegal:

In general.– The term “unlawful Internet gambling” means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.

(B) Intrastate transactions.– The term “unlawful Internet gambling” does not include placing, receiving, or otherwise transmitting a bet or wager where –

(i) the bet or wager is initiated and received or otherwise made exclusively within a single State;

(ii) the bet or wager and the method by which the bet or wager is initiated and received or otherwise made is expressly authorized by and placed in accordance with the laws of such State, and the State law or regulations include

(bold mine and there are a whole lot of other specific exemptions)

In summary, it is illegal to place a wager over the internet unless your state has a law stating that it is legal.
 

Bucky

EOG Dedicated
#42
Re: Offshore Banking

Joe - thanks for posting the link to the law. We've boiled it down to the financial institutions being on the hook for the legality. You go small - you fly under the radar - you might still get it done but you may get caught up in a freeze frame.

Without beating a dead horse - we have talked only about sending funds. What's your interpretation of this law in regard to a US citizen receiving funds initiated by a gaming institution?
 
#43
Re: Offshore Banking

To Joe:

In general.– The term “unlawful Internet gambling” means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.

--------------------------------------------------------------------------------------------------------------------

Your "in general" stuff isn't going to cut it.
You don't know how to read and interpret the legalese. You are mixing and matching in an attempt to make your case, but it is still not correct, no matter how many ways or times you say it.

The section you tried to make your point from (pasted above) does not apply to bettors. It is only for those in the BUSINESS of wagering. That is not bettors.

From I. Nelson Rose: Being in the “business of betting or wagering” still does not include mere players.

Read his interpretation of the law here

I

And there is nothing in the law that prevents U.S. citizens from getting paid by the offshore bookies. That doesn't mean that your bank has to accept a bank wire or any other payment, though.
 
#44
Re: Offshore Banking

Bucky,

Same, with the same punishments - civil fines and up to 5 years imprisonment.

The reason I say that is the original comment "No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling –"

and the corresponding definitions - The term “unlawful Internet gambling” means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.

Since you (the gambler) are engaged in unlawful Internet gambling (by placing wagers via the internet), then this act (and its punishments) apply to you.

The only way around that, as I see it, would be to recieve payments in cash. This act only talks about money transfer systems and banks, nowhere is cash mentioned. Good luck with that one though...
 
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#45
Re: Offshore Banking

herewegoagain,

I am mixing and matching nothing. I just took the relevant parts, damn law runs about 5 pages. Why don't you pick out the parts you think are more relevant and we can compare.

I did not include anything... the law uses the phrase "In general"

Click the link yourself.

As to interpretation, who knows, I am just reading what it says.

It says - unlawful Internet gambling includes placing a wager.

It says - No person engaged in unlawful Internet gambling can accept funds via money transfer/bank transfer/check, etc...

I interpret that to mean that it is illegal for a gambler to recieve funds from a sportsbook via Western Union, wire transfer, Neteller (or a functional equivalent), check, and a few other things that I am not thinking of at the moment.

You want to interpret that into meaning it is ok to pick daisies on Tuesdays in Oklahoma, well go ahead... Who knows, maybe you are right.
 
#46
Re: Offshore Banking

Same, with the same punishments - civil fines and up to 5 years imprisonment.

The reason I say that is the original comment "No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling –"

and the corresponding definitions - The term “unlawful Internet gambling” means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.

Since you (the gambler) are engaged in unlawful Internet gambling (by placing wagers via the internet), then this act (and its punishments) apply to you.

The only way around that, as I see it, would be to recieve payments in cash. This act only talks about money transfer systems and banks, nowhere is cash mentioned. Good luck with that one though...
-----------------------------------------------------------------

NO. IT DOES NOT APPLY TO BETTORS

For cryin' out loud.....the law is targeting ONLY the transmission of funds BY BANKING AND BANKING SERVICE BUSINESSES AND THE ACCEPTANCE OF FUNDS BY GAMBLING BUSINESSES.

Please stop the nonsense about the new law applying to bettors. IT DOES NOT APPLY TO BETTORS.

Why do you insist on trying to interpret law when you clearly have no aptitude for it ?

I even posted the link to I Nelson Rose's site for you so that you could get your knowledge from one of the foremost experts in the country. But you must think you know better than I. Nelson Rose. That's just unbelieveable arrogance on your part. Read it and learn.
 
#47
Re: Offshore Banking

You want to interpret that into meaning it is ok to pick daisies on Tuesdays in Oklahoma, well go ahead... Who knows, maybe you are right.

-------------------------------------------------------------
I have to just accept that you are another poster talking out of his ass. There is no point in trying to educate guys like you. Your last post is so idiotic it just makes it a waste of time.
 
#48
Re: Offshore Banking

Forgive me for the attempt at humor.

No arrogance on my part. I am just reading what it says.

Based on this definition:

"In general.– The term “unlawful Internet gambling” means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made."

Who places bets?

Who receives bets?

Who does the law apply to?

Hell, I hope I am wrong, but that is what it says. Seems pretty black and white to me.
 
#50
Re: Offshore Banking

Based on this definition:

"In general.– The term “unlawful Internet gambling” means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made."

Who places bets?

Who receives bets?

Who does the law apply to?

Hell, I hope I am wrong, but that is what it says. Seems pretty black and white to me.
-----------------------------------------------------------
Exactly what I am talking about--- you don't have any skills in interpreting legal documents, yet you insist on arguing that your interpretation is at least the equal of I. Nelson Rose's interpretation. Does it really seem pretty black and white to you, despite the fact that I. Nelson Rose states that it does not apply to bettors ?

I will give this one more try.....

The section you are referring to is the following (taken directly from the bill the President signed).......


(8) SECRETARY.
The term 'Secretary' means the Secretary of the Treasury.

(9) STATE.
The term 'State' means any State of the United States, the District of Columbia, or any commonwealth, territory, or other possession of the United States.

(10) UNLAWFUL INTERNET GAMBLING.
(A) IN GENERAL.—The term 'unlawful Internet gambling' means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.
--------------------------------------------------------

The above section is, as you can see from the items (8) and (9) above it, a DEFINITION of the term"UNLAWFUL INTERNET GAMBLING". It is defining it so that the actual law and enforcement part, which is further down in the bill, is understood. Do you see how (8) defines "Secretary" ? Do you think they are writing a law about what a "Secretary " is ?

A DEFINITION is not a new law. It is just a DEFINITION, used to make the terms of the law more easily understood.

Below that you will find a section called "Other terms". It is just an explanation of terms. It is not writing new law.

The New Law begins at ? 5363. That is where you will find out what the law says, and who it affects. The part you are quoting is DEFINITIONS.

That is precisely why these legal interpretations are done by real lawyers, not internet posters.

Start reading at ? 5363 to find out what the law does and does not cover. The link below is to the ACTUAL TEXT OF THE LAW

Unlawful Internet Gambling Enforcement Act 2006 - Safe Port Act
 

Woody

EOG Veteran
#51
Re: Offshore Banking

Woody,

I never said anything about it being illegal to make a wager.

At least in NJ, betting is totally legal. What is illegal is the charging of vig.

But, that is not the issue.

The issue in this thread is the UIGA and its impact on gambling offshore.

With that in mind, here is the law:

31 U.S.C. 5363. Prohibition on acceptance of any financial instrument for unlawful internet gambling

No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling ?
Joe,

My points including that it is not illegal to make a bet were intended for clarity.

Thanks for quoting the section. However the courts have already determined that "business of betting" refers to bookies and not individuals so my original reply is still valid.
 

Woody

EOG Veteran
#53
Re: Offshore Banking

"In general.– The term “unlawful Internet gambling” means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made."...

Hell, I hope I am wrong, but that is what it says. Seems pretty black and white to me.
Joe,

You're wrong again. I made the most relevant section bold.

You said earlier that "I never said anything about it being illegal to make a wager." and now you are saying that it is illegal to make a wager.

Did you read the "Rule of Construction" for the UIGEA and did you understand that section? It makes it pretty plain that there is no change regarding what is/is not legal for individuals.

The only new prohibition is for those is the "business of betting" to accept transfers of financial instruments and for financial institutions in the broadest sense to initiate transfers from within the US to such businesses
.

There, in 36 words, is the Coles notes version.
 

Bucky

EOG Dedicated
#54
Re: Offshore Banking

Herewego - wow - temendous amount of information available on that link. I've been reading for a couple of hours and there is more left. Some. pretty excellent poker articles as well, LOL.

Not unlke prohibition, apparently, everything that is left has to be under the radar. From the consumers side - not a huge penalty to drink boot leg booze but there was more risk to have a little on hand, give some to your friends, etc.

Really a good discussion here - these links are a tremendous source of information. I propose a toast to those that are trying to figure it out (on either side of the counter) and maybe necessity will be the inventor of some solutions!
:cocktail :cocktail :cocktail
 
#55
Re: Offshore Banking

Hey Buck,

I bascally wanted to "clue the boys in" on how ya do this with no problem and we have really gotten some good stuff dug-up on the subject to look at for sure buddy!

Anyone with a brain and who is REALLY in the "business of betting" uses several offshore accounts and banks period stupid not to.

Let's Gamble Buck
105
 
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#56
Re: Offshore Banking

I can readily admit that my readings may not be the equal of Rose's.

But then that begs the question, if all this is doing is hammering bookies more by cutting off deposit means then why is it so tough to get payouts but still easy as sin to deposit?

The law is very clear that money going to books is a no-no.

So how come there have not been any complaints about depositing to books?

If there is "no impact" to the gambler, then why is it like performing self-root canal to get paid by books?

Per the law it should only be the books that are having problems getting money FROM gamblers. There should be no problem paying gamblers.

Yet every book is using the excuse about finding processors.
 
#57
Re: Offshore Banking

I can readily admit that my readings may not be the equal of Rose's.

But then that begs the question, if all this is doing is hammering bookies more by cutting off deposit means then why is it so tough to get payouts but still easy as sin to deposit?

The law is very clear that money going to books is a no-no.

So how come there have not been any complaints about depositing to books?

If there is "no impact" to the gambler, then why is it like performing self-root canal to get paid by books?

Per the law it should only be the books that are having problems getting money FROM gamblers. There should be no problem paying gamblers.

Yet every book is using the excuse about finding processors.
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There is "no impact to the gambler" as far as criminalization.
The law gives the regulators 270 days to work out the details of how they will implement the law. Those details have not been presented yet. Neteller's problems are due to being specifically targeted. Other payment systems have quit voluntarily, yet some are still operating for U.S. customers.
Some books are still paying like clockwork, but just have to use methods that are slower than what we have come to expect.
Just because some books are using the new law as an excuse to delay payments does not mean it is as they say. Maybe the slow payout books deserve more scrutiny.
 
#58
Re: Offshore Banking

I hear ya Joe.
And the only thing, i can think of is an old saying by an old guy from long ago. "there's more angles than triangles".
 
#60
Re: Offshore Banking

The point I was trying make, by telling you guys about offshore accouts and banking in the beginning was, that even the neteller situation for you US guys and the new law has in NO WAY affected guys in my position having used offshore accounts and banking for years now.

It has been a real plus for me making my living in this business all these years and would encourage you to get it set-up ASAP, start with a real small bank roll and just see how safe and easy it really is you will be thanking me.


I move money to and from Cris, 5dimes, Cascade, betjam, Pinny, Oly, wsex and a few others daily or weekly with out ever a problem or delay (like a clock) and have for years with this method.


on the right side always
105
:computer:
 

Bucky

EOG Dedicated
#62
Re: Offshore Banking

Ok - so this discussion pretty much discounts an offshore bank account as a legal manuever to transfer funds to gaming institutions. But, it is legal to open an account - make the deposit and leave the money in an offshore bank. (that didn't help much did it?) Legal to go there and withdraw the dough in cash or a check made payable to yourself? I know , the 10 k reporting issue - does the offshore bank have to report that to the USA - I mean is there a form or something they send the USA every year on American deposits????

I know I am trying to turn an offshore bank into a Neteller - remember the good old days when you go to a Bank of America and deposit cash into their account - fax the receipt and be good to go?

As far as Costa Rica - don't they have to keep player funds in a different country. So, could a guy just go to that country to the same bank, etc.,etc.

How about Antigua and Curacao - just bank the same place the book does???? Do transfers that way??

But, then again, it's all about the bank - will they do it for you or not?

Remember that movie "Blow"? The dude was in where - Panama or Columbia to pick up his money and the bank guy says - we were going to call you - the government impounded your funds! LOL
 
#64
Re: Offshore Banking

Hey K,

Below are the 2 banks we use To send funds to our offshore accounts electronically they are called "Correspondent banks." With these 2 banks it is simple and safe to move both, U.S. and Canadian dollars, back and forth from your accounts offshore to your accounts there in the US and Canada, all with no problems at all for years.

Money out or making a transfer to another account or company(world wide)is so easy and safe. You can also convert money into the currency of choice easly.
Example: Say that you are living in Hong Kong and want to send money home to Australia? No problem, you simply convert your Hong Kong dollars into Australian dollars and arrange the transfer very simple and all online.

Funds can be deposited from with in the U.S. or Canada or outside from offshore, and are easly accessible 24/7 all totally legal and worry free.




Canadian Dollar
HSBC Bank Canada, Toronto, Ontario, Canada. A/C No. 930-133684-060, SWIFT: HKBCCATT.

US dollar
HSBC Bank USA, Newark, Delaware, USA. 19713-2107, A/C No. 001828509, SWIFT: MRMDUS33, ABA 021 001088.

If you want to get set up for an offshore account with legal banking, email us and we will be glad to get you all set up. Remember tht we have always used banks (offshore) that have been in operation for 150 years or more so you don't have to worry about them being safe.

To never worry about payments or accounts rec ever again, the cost of the entire set-up, which includes everything you need (lawyer the whole 9 yards) to complete transactions world wide, safe, secure and totally legal is generally less than $1000 dollars US and is ready for your use in just 3 to 4 working days.


hope that helps
105


This is the most ridiculous thing I've ever read in my life and is downright stupid.

You actually hand it to the Feds on a platter.....how can you be so stupid as to post your actual US bank account details in the public domain? Are you thick or something?


This is where your entire proposed solution falls smack down on it's face.

Let me see.....if I'm a fed, I simply call up HSBC's Delaware branch quoting the EXACT ACCOUNT DETAILS that YOU posted up for the world to see.

The Feds simply swoop in, contact the bank and have this account shut down.

Fuck this is stupid...
 
#65
Re: Offshore Banking

Hey Buck,

For the most part, the books here in CR use the local banks here
Banco National, Banco Costa Rica, Bank of San Jose, Bannex and a few others are used just for "Operating Costs" for their business to pay Payroll, telephone, internet services and so.

They keep their "big money" safe, offshore, under another business and name that is generally structured to look like investments,trusts, stocks or broker, market consult, etc... just like I am telling you.

Take it from experiense, I have operated this way for almost 20 years now and never 1 problem ever. The only problem I have is "deciding" which store to request a withdrawal from this week!

Let me stress that in order to operate an offshore effectively you must do the following:

Set up a "company" under a corp name, in a country where you want to do business, this way you are doing normal local business transactions with normal local businesses daily, with no flags and no problems.


hope that helps
105
 

armyvet

EOG Enthusiast
#66
Re: Offshore Banking

The point I was trying make, by telling you guys about offshore accouts and banking in the beginning was, that even the neteller situation for you US guys and the new law has in NO WAY affected guys in my position having used offshore accounts and banking for years now.

It has been a real plus for me making my living in this business all these years and would encourage you to get it set-up ASAP, start with a real small bank roll and just see how safe and easy it really is you will be thanking me.


I move money to and from Cris, 5dimes, Cascade, betjam, Pinny, Oly, wsex and a few others daily or weekly with out ever a problem or delay (like a clock) and have for years with this method.


on the right side always
105
:computer:
My first official post ! Excellent thread you have started here -105. Do you think there would ever be an ip address issue that would red flag your sportsbook account if you are placing wagers within the United States after setting up your offshore banking account to deposit into this sportsbook?

I understand the best scenario is to move out of country to do this but there are alot of americans that are not willing to make such a drastic move just to gamble! I am one of them.

I was one of the idiots that thought neteller would never get shut down. Live and learn I always say!

I would say it would be worth the $1g or less to get it set up. But I am still seeing there are too many loopholes that our American gov't can do whatever the hell they want and freeze up our money somewhere else!

Sorry to rattle on. I guess to make a long story short is this doable for an american to live within the U.S. borders ? -105 you are not living here so you have an extra edge on the gamblers that stay here.

Maybe we'll get good news next month and they will drop all charges on those neteller guys and this was just a bad dream!
 
#67
Re: Offshore Banking

Hey "Left-hander",
if you had what is known as a "BRAIN" you would, 1st, get a little more education on the subject, to relize that there is no threat what so ever in what you are doing friend.

You are simply doing local business with local businesses in the country of your choice. It is not like you are doing business with a gambling joint and get a 100K bank wire payout for gambling, that showes up at your bank in the states like:

WARNING""""THIS MONEY IS FROM -- BET CRIS SPORTSBOOKCASINOGAMBLINGHOUSE.COM , COSTA RICA...

..it comes from the "Parker Investment Group S.A." and is sent from a Swiss bank STUPID!

not the "sharpest tool in the box" here boy's, good gref
105
 
#68
Re: Offshore Banking

Hey "Left-hander",
if you had what is known as a "BRAIN" you would, 1st, get a little more education on the subject, to relize that there is no threat what so ever in what you are doing friend.

You are simply doing local business with local businesses in the country of your choice. It is not like you are doing business with a gambling joint and get a 100K bank wire payout for gambling, that showes up at your bank in the states like:

WARNING""""THIS MONEY IS FROM -- BET CRIS SPORTSBOOKCASINOGAMBLINGHOUSE.COM , COSTA RICA...

..it comes from the "Parker Investment Group S.A." and is sent from a Swiss bank STUPID!

not the "sharpest tool in the box" here boy's, good gref
105

You really are naive.

That HSBC account you've listed there buddy....it's being used ultimately for the facilitation off-shore gambling.

It doesn't matter what you try dress it up as, how man layers you try to create in between it, or how much you try to disguise the fact. The bottom line is you have exposed this bank account on a PUBLIC website for the ENTIRE WORLD to see as a way to help people transfer money to an off-shore book.

Actually I think I will test this.....a quick call to HSBC's Delaware branch to report that account as being used for off-shore gambling.....let HSBC investigate then.

Let them ask the account holder what the ultimate intention of that account is....if the funds that pass thru that account will ever at some point be used for off-shore online gambling....

Let see what the bank has to say about it.


You are naive...

If Neteller, FirePay, etc. couldn't get around this then I really dont know what makes you think you can.

Naive.
 
#69
Re: Offshore Banking

Oh wow, that's genius.....call it "Parker Investment Group S.A" and that will solve all your problems.

I wonder why Neteller never thought of that?!?!??!


Banks are required to Know Your Customer (KYC) ever more so since 9/11.

As soon as wires start passing thru this account of ANY significant amount, the banks will ask where the funds originated from, what the purposes of the funds was, and what the ultimate intention of those funds are.

As soon as they get wind of the fact that it's something dodgey.....you're getting those account frozen and people are going to have their money tied up like they do with Neteller.

You're fucking stupid if you think otherwise.

Calling the account another name....as though thats so smart it's going to keep you below the radar....HAHAHAHAHA....
 
#70
Re: Offshore Banking

My first official post ! Excellent thread you have started here -105. Do you think there would ever be an ip address issue that would red flag your sportsbook account
1)ANSWER
NO. NEVER. The Law "reads" ...it is totally Legal to place a bet over the net to a person or company that is not on american soil.

is to move to another country....
2)ANSWER
FALSE I have lived here just over 15 years now and too many americans that have moved here and fucked up our "Natives" (Joking)
NO you operate as an offshore company with a corp name doing normal business totally legal.


idiots like "Palmala" up there.... that thought neteller would never get shut down too. Live and learn I always say!
3)ANSWER
Learn from those with years of exp, in an area where few know anything, and you are wise.


I would say it would be worth the $1g or less to get it set up. But I am still seeing there are too many loopholes that our American gov't can do whatever the hell they want and freeze up our money somewhere else!
4)ANSWER
NO. The bush-gov will only look at what you were doing if
1) you are moving 6 digits a week or more.
2) Are getting money directly from a sports book and not a company or person.
3) Have Left-Hander on your staff!



Sorry to rattle on. I guess to make a long story short is this doable for an american to live within the U.S. borders ? -105 you are not living here so you have an extra edge on the gamblers that stay here.
5)ANSWER
1st part of the question: YES. This is the reason WHY you should do it and for less than a small nickel you are all set-to- bet, legally for life Buddy if you operate smart and think!

2nd part about living here: I am here to help the industry thats it, well I am lieing now, I am also here to "breed these Lil Natives" too I guess, shoot!


Maybe we'll get good news next month and they will drop all charges on those neteller guys and this was just a bad dream!

6)ANSWER
If you were in Mexico you would say, "No way jose" it is simply NOT going to happen.

Don't hold your breath while you are waiting for neteller either or we will have to just ask for.. "Blue Boy" when we talk to you again.


Hope that helps
105:D
 
#71
Re: Offshore Banking

Actually I think I will test this.....a quick call to HSBC's Delaware branch to report that account as being used for off-shore gambling.....let HSBC investigate then.

sure hope you come through our airport here one day, son.
105
 
#72
Re: Offshore Banking

..in the?business of betting or wagering? still does not include mere players. Read his interpretation of the law here

Guy's, not going to tell you again, it is safe, convence and it really does work!

Law and all Legal guys** I
..And there is nothing in the law that prevents U.S. citizens from getting paid by the offshore bookies if,......

some where through their "Connecting Junction" and their "offshore Bank" their "offshore account" funds their bank, back in canada or the states, sends the actual money the "wire", the transaction done, completed, finished in full.

When they check the transaction, anyone, even mr bush, during his spare time form booming different parts of the planet) or your ira, irs or the nra checks it to see where it came from wether it be Costa Rica or Costa Mesa, the connection gives them 3 words read them for your self,

Costa Rica Today (Feb:22,2007@4:49 pm mt time) the connection is made with the connecting bank then get's the transaction done totallyfinished and it then sends a message like that :smokesmal :houra

Joey,
With our good friend and most aggresive Costa Rican Attorney here for the past 25 years named Eduardo, we have never had a problem he can't fix yet buddy!



and all Laying just
-105
 
#75
Re: Offshore Banking

I use those ones from offshore HSBC , I never had problem with them.
Offshore Banking is definately good way to roll. (mine located in jersey and
isle of man).

I would just send out those wires to the bank and have every 'any' wires
into the offshore banking , then withdraw from ATM cards.

So basically, I don't worry about wire transfers coming in to my US
account once it is deposited because I withdraw from ATM directly.

$2000 each time.

Good thread -105.

Hongkong is very nice when it comes to sending out multiple wires
because there is absolutely no delay ; all it takes is just 1 day for
it to arrive to the recipient as supposed to offshore banking sometimes
had delays on these wires - though max is 3-5 days from what I've
been going through.

It's safe to use. no problem!
 
#77
Re: Offshore Banking

Why does it cost $1,000 to setup a bank account??
Kinosh,
It does not cost you a dime to get set-up offshore.
Your company name here (which is Inc in Costa Rica) is about $300 or so and the stamps at the bank for filing it @ the court house are like $5 small dollars and it takes 2 -3 days. And you can bet with me at Henry's shop every day.

Then once you get that # your S.A. number you are:

Kinosh Trust's and Investments S.A.

you then go to our local bank:
Banco Costa Rica
Banco National
Banco San Jose
Bannex
Sco-bank

and open your company account for your trust company.

It works real well if your company is in the Investment and Trust business because the Costa Rican Gov loves that and will make you easy loans for those such businesses.


PLUS if, left-hander up there, who is really a fed, or mr bush look into your business for some reason then what do they find?

Not transcations to sportsbooks I assure you, they find transactions to local or foreign business and pinny's transactions do not say pinny for other idiots like left-hander reading it comes form his bank in London generally.


hope that helps
-105:+money-8+
 
#79
Re: Offshore Banking

I use those ones from offshore HSBC , I never had problem with them.
Offshore Banking is definately good way to roll. (mine located in jersey and
isle of man).

I would just send out those wires to the bank and have every 'any' wires
into the offshore banking , then withdraw from ATM cards.

So basically, I don't worry about wire transfers coming in to my US
account once it is deposited because I withdraw from ATM directly.

$2000 each time.

Good thread -105.

Hongkong is very nice when it comes to sending out multiple wires
because there is absolutely no delay ; all it takes is just 1 day for
it to arrive to the recipient as supposed to offshore banking sometimes
had delays on these wires - though max is 3-5 days from what I've
been going through.

It's safe to use. no problem!
Znco,
Guy's do you see how much cash Z brings in from offshore now thats just 1/2 a day your looking at here guys

I can also tell that,
"It's not your 1st rodeo cowboy!" thank you, finally a man with a brain to shead a little light on all this, God bless you buddy.

I would also venture to say that Z is not waiting on that "neteller payment" either.



Good man Z-Dog
-105:houra :dancefool
 
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