What is the Banking Scret or Bank Secrecy?
Bank secrecy (or bank privacy) is a legal principle under which banks are allowed to protect personal information about their customers, through the use of numbered bank accounts or otherwise. Effective bank secrecy is better achieved in certain countries, such as Switzerland or in tax havens, where offshore banks adhere to voluntary or statutory levels of privacy.
Created by the Swiss Banking Act of 1934, which led to the famous Swiss bank, the principle of bank secrecy is sometimes considered one of the main aspects of private banking. It has also been accused by NGOs and governments of being one of the main instruments of underground economy and organized crime, in particular following the class action suit against the Vatican Bank in the 1990s, the Clearstream scandal and September 11, 2001.
Advances in financial cryptography (e.g. public-key cryptography) could make it possible to use anonymous electronic money and anonymous digital bearer certificates to achieve financial privacy and anonymous internet banking, given enabling institutions (e.g. issuers of such certificates and digital cash) and computer systems that are secure against attackers.
U.S. Bank Secrecy Act of 1970
The Bank Secrecy Act (or BSA) requires financial institutions to assist government agencies to detect and prevent money laundering. Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, file reports of cash transactions exceeding $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities.
Why a secret bank account ?
People looking for secret bank accounts do so for many reasons. It could be that you're going through a divorce and would like to hide funds from your spouse or perhaps you are thinking about saving for a rainy day so that if bad goes to worse you will always have cash hidden away in one of the corners of the world. Another benefit of using such a bank account is that funds located there are not taxed. Such banks have been used as tax havens for a very long time, Switzerland, the Cayman Islands, Panama, Belize are all prime locations.
Recently the EU has decided to tax such locations and even swiss banks would have to have taxes applied to them. This news is very recent and it is uncertain in which direction this news would take us. Nonetheless there are always banks out there such as in South America that are not subject to this rule.
How does it work ?
Begin by contacting one of the secret banking/ Anonymous Banking middlemen, they're in abundance and it's very easy to find one. The best deal would involve getting various components; An encrypted email is necessary for cloaked communications with the bank, it would be to your severe disadvantage if a hacker or the goverment spied on your financial details. A secure internet banking account would allow you to manage all your finances remotely and instantly.
A credit/debit card under the name of an alias such as Cirrus that allows you to access your cash from any one of the worldwide ATM machines. Secrecy, the bank would require you to provide authentic identification, they would use this to confirm your account and would dispose of the copies you send them within 48 hours, if you would like to use an alternate identity you can always obtain a passport such as in 'Novelty Fake Documents'.
A wide variety of techniques available for depositing funds such as electronic currency, cash, checks, wire transfer and others. A bank should never charge you for keeping your funds with them though expect to pay something like 200USD to the middlemen. Possibly you will also obtain a mail drop so you can correspond with the parties involved with complete secrecy.
Electronic Currency
Electronic currency is a very convinient way of aiding your banking technique. Many banks accept Electronic currency and it is an excellent way of banking confidentially. On top of that opening an E-Currency account is usually free.
E-Gold vs Paypal
E-Gold and Paypal are the two main options for E-Currency available. E-Gold is backed by actual gold reserves in a bank in Panama while Paypal is backed by actual currency. Paypal has established itself as the main company of choice for buying online. Getting a Paypal account is free however you would have to verify your identity with credit card. A severe disadvantage of paypal is that they have been known to freeze questionable accounts. E-Gold on the other hand is free and anonymous and does not impose any restrictions on questionable accounts, it is backed by physical gold so no country based on it's own currency can take action against the account. Currency can be deposited to E-Gold by using one of the many online currency exchange services.
To sign up with E-Gold for free click HERE.