Shell and Banks

niggashit

Banned User
BANNED MEMBER
Entrepreneur
This is probably an Odd question. Offshore firms creating Shell companies without any website (Some do) and virtual address. I read Panama papers that they create and open bank accounts under those Shells and stash millions on them.

How come Banks not verify any of them logically? A 12 yr kid can see panama companies and smell so bad. I also wonder why is that the persons who stash millions in banks not afraid and fear about freezes.
 

Bmw850

Trusted Member
Business Angel
Maybe it is related with the relationship between the firm and the bank.
Once I bought a shell in Czech republic with bank account, I made big turn over during 2 years and nobody asked me nothing except some invoices time to time.
But right Panama is not Czech republic.
 

niggashit

Banned User
BANNED MEMBER
Entrepreneur
Czech is good for millions. I've read DoJ report that some Russian criminals done ad fraud and transferred millions Czech and Swiss banks.
 
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