this post was submitted on 20 Oct 2024
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Explain Like I'm Five

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113
ELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on? (lemmy.world)
submitted 4 weeks ago by [email protected] to c/[email protected]
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[–] [email protected] 7 points 3 weeks ago (1 children)

Why would banks care? If they’re getting a cut they care, otherwise it’s someone else’s business. Usually it’s the tax authorities who would care.

[–] [email protected] 1 points 3 weeks ago

Banks were the only ones still able to fuck people over en masse during the pandemic, and oh boy did they know it