20
Oct/09
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Will Private Offshore Banks Keep Your Account Confidential?

Everyone knows that private banks are supposed to be more ”hush hush” than your average bank. Private banking outfits in countries with strong bank secrecy like the Cayman Islands, Switzerland and Panama are expected to keep a low profile. But is the private bank really as secretive as it appears?

Various factors come into play here.

- Where the bank is located.

- Does the bank have operations in foreign countries (and outside the jurisidiction of its home secrecy laws)?

- The size of the bank

Continue reading this informative article on private offshore banks.