Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 27 days agoELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?message-squaremessage-square9fedilinkarrow-up190
arrow-up190message-squareELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 27 days agomessage-square9fedilink
minus-squareAA5B@lemmy.worldlinkfedilinkEnglisharrow-up4·26 days agoWhy would banks care? If they’re getting a cut they care, otherwise it’s someone else’s business. Usually it’s the tax authorities who would care.
Why would banks care? If they’re getting a cut they care, otherwise it’s someone else’s business. Usually it’s the tax authorities who would care.