Your goal: “Get cash into the bank, trying to avoid the financial regulators.”
Here are details of “Making the Money Laundering Machine” by Tim Hunkin.
2 Likes
Humor aside, if one is an ordinary US investor with legitimate offshore accounts funded in the past when it was less burdensome (almost impossible to initiate nowadays), one must regularly “prove” who he/she is and the provenance of any money. That is because FedGov (FATCA, FinCEN, et. al.)) regulations impose costs of compliance which are so high that banks and other financial institutions treat legitimate US investment cash as though it were PU 239.
2 Likes