Category: Asset Protection
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Financial Institutions AML & KYC
Financial institutions fear to be wittingly or unwittingly implicated when they are used to settle, facilitate, or finance international trade transactions (e.g., through processing wire transfers, providing trade finance, and issuing letters of credit and guarantees). Implication is criminal prosecution for money laundering. Financial Action Task Force (FATF) rules extends to everybody and leads to…
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BitGo Enters Into Agreement To Acquire Kingdom Trust
BitGo’s Combined Offering with Kingdom Trust Provides the First Complete and Independent Qualified Custodial Offering for Bitcoin, Ripple, Ethereum, and More PALO ALTO, Calif.–(BUSINESS WIRE)–BitGo, the leader in digital currency security solutions for institutional investors, announced that it has entered into a definitive agreement to acquire Kingdom Trust Company, a South Dakota-chartered, fully regulated trust…
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Asset Protection for Cryptocurrency Offshore
Structure Cryptocurrency Offshore – The Only Tax Rules Compliant and Double Tax Agreements Non-Reporting and Excluded Account The pension regime is very important internationally and one thing the OECD organization has done amazingly well is Double Tax Agreements. They have come out with an amendment to the OECD model double tax agreement that introduces a…
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Offshore Tax Planning for Project Financing
[box size=”large” style=”rounded”]Historic structures: transfer pricing, diverted profit tax, carried interest no longer function for offshore tax planning.[/box] [box type=”alert” size=”large” style=”rounded”]Investment vehicles require a look at what the future is to be.[/box] [box type=”info” style=”rounded”]Governments and governance look through everything. Everything is considered a tax avoidance scheme except that which is formally recognized and…
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2018 Tax Solution for Offshore Private Equity
[box size=”large” style=”rounded” border=”full”]Offshore Private Equity is now caught by the carried interest definition; which means they could pay tax on money not yet received.[/box] [box type=”alert”]Also new for 2018 tax is Captive Insurance is added to overseas passive income rules.[/box] [box type=”tick”]Our structure, the Clean Nominee Bank Account, makes overseas passive income rules irrelevant.[/box]…
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Current and Emerging Investor Threats for 2018
HARRISBURG, Pa., Jan. 2, 2018 /PRNewswire-USNewswire/ — Secretary of Banking and Securities Robin L. Wiessmannhas issued a list of current and emerging threats facing investors in 2018, along with a reminder that in the age of technological innovation, it is more important than ever for consumers to take the time to investigate before they invest their money. The top…
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Regulations Call Out Beneficial Ownership of Trusts and Life Insurance
The past global trend has been that life insurance or trusts based plans were set up offshore for the purpose to be an after tax contribution savings plan financed and administered through either an insurance company or trust company arrangement. In today’s automatic exchange of financial information annually reported they are not acknowledged tax and…
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Know-Your-Customer (KYC) for a Clean Nominee Bank Account
[box]Know-Your-Customer (KYC) rules that freeze up non-compliant banking, businesses, entities and persons. Freeze up means that transfers are blocked; no trade in capital processed.[/box] Financial institutions fear to be wittingly or unwittingly implicated when they are used to settle, facilitate, or finance international trade transactions (e.g., through processing wire transfers, providing trade finance, and issuing…
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Rights of Taxation Offshore
The purpose of a Tax Treaty is to define which of two countries has the rights of taxation. Good Reason to Transfer, without current tax consequence, your IRA, 401k and 401a into a FASDIRA; but first the education as to why you have reason: Upon retirement when there is a Tax Treaty with the USA…