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Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 1 year ago

ELI5 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?

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ELI5 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 · 1 year ago
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    • partial_accumen@lemmy.world
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      1 year ago

      Isn’t that $9k limit against pure cash deposits? As in an ACH, wire transfer or even old school paper cheque would be fine, but untraceable cash of $9k raises the eyebrows of regulators.

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        • partial_accumen@lemmy.world
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          1 year ago

          9k cash aint that much money nowadays…

          Where are you getting multiple handfuls of $9k in cash (and you aren’t a cash operating business which don’t apply) that you are running into this as a problem?

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            • partial_accumen@lemmy.world
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              1 year ago

              Bootlicker 🤡

              You’re creating your own problem, complaining about it, and somehow that’s my fault? If this is your regular pattern, I bet your life is a mess and you have no idea why.

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