When and how to go offshore for asset protection purposes and the pitfalls to guard against:

The first step in getting money offshore is to open an Offshore Bank Account. The real key is to be able to place funds into that account without creating some kind of paper-trail. There are serious concerns regarding privacy when two or more financial institutions are involved. Special consideration is needed when funding your offshore account.

In large areas across Europe and the States there are less guidelines today for Government or courts to request transactions or copies of such documents. In this new world of financial scrutiny there seems to be deeper and longer looks into offshore banking. It is very important to consider the downsides of actually sending money from your country of residence to a offshore bank. A wire transfer a few years ago to that offshore account probably would go largely unnoticed however that same transaction today could create a Suspicious Transaction Report (STR), in which would be forwarded to the National Intel Unit for further discovery. I would suspect that these transaction guidlines have only stiffened since theTerror Attacks on 9-11.

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