Privacy Issues - Dropping Off the Grid by Leland Benton & Parenting & Families

Author:Leland Benton & Parenting & Families [Benton, Leland & Parenting & Families]
Language: eng
Format: epub, mobi
Tags: A blueprint on an exciting online marketing technique
Publisher: ePubWealth.com
Published: 2011-12-07T07:00:00+00:00

Financial Privacy in the United States

Readers may be surprised to learn that banking privacy can be accomplished in the U.S.A. In fact, if you reside in the states, you’ll be best served in most cases by keeping your funds in the country. The exceptions are high-net-worth individuals and those who spend substantial time out of the U.S.A.

Offshore bank accounts and assets may be vulnerable to discovery and seizure, and few jurisdictions offer complete banking secrecy. Mutual Legal Assistance Treaties (MLAT) between the U.S.A. and forty-eight countries enable the exchange of financial information without “probable cause” and with only “reasonable suspicion” (Barber, 2007).

As you work, live, purchase goods and services, and make investments in the U.S., you need immediate access to your funds and timely clearance of negotiable instruments. Otherwise, you face lengthy hold times on deposits—sometimes in excess of thirty days for offshore banks, not to mention the withdrawal restrictions on many foreign accounts.

Years ago, the most private bank account known to privacy seekers was the Austrian Sparbuch account—an anonymous passbook type of account with only an associated password as an identifier. This bearer account belonged to whoever held it and could recite the password to the banking official. This account is no longer available through Austrian banks. Numbered accounts previously offered by the Swiss banks are also no longer offered. These two stalwarts of banking secrecy have gone by the wayside following pressure from outside forces—mainly the U.S. government.

Today in the U.S.A., you, as a believer in freedom and privacy, can have your personal and business financial privacy once you gain the information and know what resources to use for privacy. Stop listening to the “talking heads” who tell you that your privacy has been taken from you or that you have to give it up in the name of national security.

America has traditionally been a land of free people who have been entrepreneurs and innovators. Business men and women risk time and capital to produce products and services to supply the demands of the marketplace. Take advantage of what is available to you for your privacy needs and learn how to best utilize these resources to create a bulletproof “banking” privacy plan.

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