Invest Offshore

Tag: FATF

  • Know-Your-Customer (KYC) for a Clean Nominee Bank Account

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    by

    Aaron
    in

    [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…