Offshore banks are stations where global elites hide their wealth to evade taxation. Due to less regulations and transparency, accounts with offshore banks are often used to conceal undeclared income. Money transferred into offshore banking is often utilized for money laundering, tax evasion and organized criminal activities.
These banks are not authorized to reveal personal bank profiles or amounts on the behest of any government in the world. They possess a bewildering set of policies that make them the most secure harbour to conceal black money.
Sajid Ali Naich
Dadu
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