Offshore Banking Risks

[richardm1964]

Offshore banking provides many advantages. So opening offshore bank account is probably the most efficient way of handling huge sums of money. But there are some risk involved as well. what are offshore banking risks?

 

[mneilson]

The political and economic situations of some offshore destinations are too complicated just to assume that a bank that was safe and private last year can't be the same next year. another disadvantages is that offshore jurisdictions are often remote, so physical access and access to information may be difficult. In some jurisdictions, it is necessary to deposit large sums of money. So one should be aware of that, the money could be at risk.