Hi and thanks for commenting! The loophole that you mentioned refers to the gaps in regulations that allow certain offshore banks without physical presence (shell banks) to operate with minimal oversight. This can potentially be exploited to hide assets and avoid taxes or commit other financial crime activities. In some shapes I have covered shell companies before but in one my upcoming videos maybe I can focus on both: shell companies and shell banks. Thank you for your input 👍🏻
@FinCrimeAgent You talk pure krap. Shell bank loophole is investment entities that report no reportable persons for CRS or FATCA. My God, you're grabbing at straws to fill your youtube with ignorant info. Embarrassing for you. Proof youtube content providers are rank amateurs.
Thank you for making this available
My pleasure! Thanks for watching and commenting here 👍🏻
Well Done Marco
Thank you 👍🏻
Tell us about the shell bank loophole identified by US senate finance committe.
Hi and thanks for commenting! The loophole that you mentioned refers to the gaps in regulations that allow certain offshore banks without physical presence (shell banks) to operate with minimal oversight. This can potentially be exploited to hide assets and avoid taxes or commit other financial crime activities. In some shapes I have covered shell companies before but in one my upcoming videos maybe I can focus on both: shell companies and shell banks. Thank you for your input 👍🏻
@FinCrimeAgent You talk pure krap. Shell bank loophole is investment entities that report no reportable persons for CRS or FATCA. My God, you're grabbing at straws to fill your youtube with ignorant info. Embarrassing for you. Proof youtube content providers are rank amateurs.