Hi ,

Self-sovereign Identity (SSI) is coming and it's a game changer. Every foreign account will need an SSI to operate, all your online banking and trading programs will require an SSI. In the not too distant future all e-commerce websites will require you to have an SSI.

You don't need an SSI to invest in BitCoin but here's the good news.... once you obtain SSI and have it verified, you are prequalified for an enormous eco-system of global financial products and services.

Never before has an Offshore Trust been so valuable, now it's become super-easy to benefit and part of the KYC process.

Learn how to use a Hong Trust for offshore investing in BitCoin.

There are numerous reasons for moving funds offshore where they can be safe other than tax implications. High tax governments want you to think that offshore banking and asset protection is only about tax avoidance but as you can imagine it protects people from a lot of evils the high tax governments can care less about protecting people from.

Taking Cash Out of the Bank - Well this is the first thing that comes to mind with most people. Let me take the cash out and then transport it and deposit it into the offshore bank account. This perfectly guarantees that there is no trail to follow. Will this work? Sure and moving cash by itself is not intrinsically illegal as long as you report it correctly but there are some pitfalls to watch out for.

First of all many but not all governments want you to declare when departing their country with any amount of cash or negotiable instruments over $10,000. They word these forms as to be unclear if it is $10,000 per person or family. Usually per person, but do inquire. You can always have family members take separate flights to avoid get snagged by vague interpretative errors regarding the way the law was written. Do minors count - usually not.

Today with all the inspection machines and other screening devices it is best to fill out the declaration form if required to do so, when departing lest you have the funds confiscated and face arrest. You may have to supply a source of funds statement, which is to say where the funds were derived from.

In some police states it is really best not to move cash out since you may face a lot of questioning. This also depends on the amount. If you say you are going to a country to gamble at a resort and have $35,000 cash that is one thing. If you say that you are going to buy a hotel for cash and have $5,000,000 that's is going to be another story altogether.

Other factors are where you are going, who you are, where your passport is from, what profiles the country has on you etc.

In some countries removing large amounts of funds will trigger responses. The bank will tell you they have to order in the cash and that will take one or two days by armored car. Then they file suspicious transaction reports with the government to see if they want to confiscate your funds or arrest you or something. If it is $40,000 and you said you were buying a boat or car from a private party for cash that might not attract too much attention. If you tried the same thing with $900,000 it would not be plausible and thus more suspicious. If the figure was $3,500,000 even more suspicious. See how it works.

In some countries large cash movements are common and the banks do not pay much attention to it. Panama is once again the IFC of discretion and that's where the U.S. Generals, Admirals and Military Industrial Contractors store their wealth.

Request an introduction to a Panama Banker. with a Hong Kong Financial Services License, working with London Bond Traders.

Problem/Effect:

Current U.S. tax law requires that a U.S. Grantor file a Form 3520 to report transfers of property to a foreign trust if the trust has one or several U.S. beneficiaries. In the past, this provision could be circumvented by naming U.S. persons as contingent beneficiaries or by using a discretionary trust.

Under the FATCA provisions, which alter Section 679 of the U.S. Internal Revenue Code, a foreign trust is presumed to have a U.S. beneficiary even if the U.S. person is only a contingent beneficiary.

The section goes further and creates a catch-all refutable presumption that if a U.S. person has transferred property directly or indirectly to a foreign trust, the code will assume there is a U.S. beneficiary.

To counteract these assumptions, the U.S. person who has transferred the property must demonstrate that the trust does not have U.S. beneficiaries for that taxable year and would not have U.S. beneficiaries for that taxable year even if the trust were terminated.

If this cannot be done, then that portion of the trust will be considered as having accumulated for a U.S. beneficiary and the 3520 reporting requirements are activated.

The grantor will also be considered the owner of the trust assets transferred for U.S. income tax purposes during his or her entire lifetime.

Possible Solution:

A foreign trust may purchase a private placement life insurance policy. U.S. beneficiaries of the trust are swapped out and become beneficiaries of the policy instead. The trust deed may stipulate that there are "no U.S. beneficiaries" connected to the trust and may even go so far as to say that there never will be U.S. beneficiaries. This should eliminate the grantor's 3520 reporting requirement and even the income tax obligation.

Vital, however, is that a U.S. person does not simply purchase a life insurance policy outright, but rather in the name of the trust.

The offshore financial structure information can be found here: Offshore Capital Structure

Debt notes such as Medium Terms Notes (MTN), Bank Guarantees (BG), and Stand-By Letters of Credit (SBLC) are issued at discounted prices by major world banks in the amount of €-billions every day. Essentially, they ‘create’ such debt notes out of thin air, merely by creating a document. The core problem is that to issue such a debt note is very simple, but the issuer would have problems finding buyers unless those buyers ‘believe’ that the issuer is financially strong enough to honour that debt note upon maturity. Any bank can issue such a debt note, sell it at a discount, and promise to pay back the full face value at the time the debt note matures. But would that issuing bank be able to find any buyer for such a debt note without being financially strong?

If one of the largest banks in Western Europe sold debt notes with a face value of €1 million at a discounted price of €800,000 most individuals would consider purchasing one, given the financial means and opportunity to verify it beforehand. Conversely, if a stranger approached an individual on the street with an identical bank note, issued by an unknown bank, and offered it for the same sale price; most people would walk away. It is a matter of trust and credibility. This also illustrates why there’s so much fraud and so many bogus instruments (and the joker-brokers and dreamers who promote them) in this market.

Large Debt Instruments Market As a consequence of ‘money creation’ above, there is an enormous daily market of discounted bank instruments (e.g., MTN, BG, SBLC, Bonds etc) involving issuing banks and groups of exit-buyers (pension funds, large financial institutions, etc.) all operating in an exclusive Private Placement arena. All such activities by the bank are done as ‘Off-Balance Sheet Activities’. As such, the bank benefits in many ways. Off-Balance Sheet Activities are contingent assets and liabilities, where the value depends upon the outcome of which the claim is based, similar to that of an option. Off-Balance Sheet Activities appear on the balance sheet ONLY as memoranda items. When they generate a cash flow they appear as a credit or debit in the balance sheet. The bank does not have to consider binding capital constraints, as there is no deposit liability.

Minimum deposit the minimum deposit to enter a PPP is usually €100 million, however sometimes clients into programs for €50 million and, if the timing is right €10 million. Large institutions, funds and foundations sometimes deposit funds in their tens of billions to create money for major projects, particularly in the developing world. The World Bank, IMF and other global monetary authorities do not have any concerns about the inflationary effects of this new money, as it is always absorbed through labour and materials. In these programs, you will enter into a JV with the trade group and have your 50% of profits paid to wherever you instruct them to pay it. Alternatively, you will enter into a generic contract where your profits are simply paid to you from the trading group.

It is possible with some of these programs that you will be able to automatically roll-over your profits – a compound trade. An extraordinarily effective capital enhancement tool. Whereas, many other buy/sell programs required you to withdraw your profits on a regular basis. It all depends on the jurisdiction and other considerations. Examples of PPP and Buy/Sell Program performance is shown below. PPP Performance (demonstration only): Placement: €100m Monthly Returns: Estimate 100% Frequency: 10 Months/40 Weeks Total Earnings: €1Bn The explanation for how the above yields are delivered across PPP’s are presented in High Yield – How PPP’s Yield Your Exceptional Profits.

Naturally, your first consideration will be the protection of your deposit. There have been many scams associated with PPP’s, and the trade groups understand this. However, from their standpoint, they still have to show the funds as being under their ‘control’ to their host banks, in order to secure the leveraged funds from that bank. Without the collateral you provide with your deposit, the bank cannot provide the leveraged loan to the trader.

Different trade groups and the different programs operated between them use a variety of ways to secure your deposit and these range across: Blocked funds your funds remain ‘blocked’ under an ‘admin hold’ in your own account using a SWIFT MT799.

An inter-bank mechanism that prevents you using the funds for any other purpose for the period your program is operating. Sole signatory the trade group may ask you to move your funds to an account with their host bank (always a global tier-1 institution) where the account will be under your sole signature.

No funds can be moved from the account without your say-so. Non-depletion The account the traders open for you can also be non-depletion meaning that, no matter what, no funds can be taken from your account by anyone – other than you.

Escrow Some programs will accept your deposit funds into an escrow account, always with a top tier bank and under the control of an attorney or recognised and/or authorised escrow agent.

If you are EVER asked for any kind of up-front fee, under whatever pretext, you are definitely not dealing with a genuine trade group or one of their approved introducers. Run.

Request an introduction to a Panama Banker..

About us