If a u.s. citizen lived and worked in dubai for only one year and then cashed out like 1.4 or 1.6 billion usd even if such money was clean and legitimate, would this amount arouse suspicion once back in the u.s.? Up to what point would u.s. authorities investigate such origin of funds? How good are u.s. money laundering laws even if such amount of usd is legitimate?
What happened was this ms/mrs gerardo. Someone in the u.s. traveled to the middle east, dubai to be exact. There they met with accountants and lawyers who work with offshore banks. The accountants and lawyers told them to spend a year living and working in dubai and after that they could enjoy their money but they needed to cash out all of their money in dubai... after they cash out 1.4 or 1.6 billion usd they need to declare such money back in the u.s. and subsequently pay taxes. But then how could these very same lawyers and accountants help that clients money legitimize? How could they make such amount of money clean and legitimate as for the client not to have any problems when declaring such amount back home in the u.s.? How could such personnel help out to make such money as genuine?
A person who is not a royal prince cannot earn 1.4 billion dollars in a year without owning oil wells in Dubai. Also Islamic Sharia laws about banking and a government that controls everything there.
So a fictional person brought a billion dollars into a bank in Dubai. The UAE is on a grey list (please you can look up money laundering) it is hard to legitimize the money into the US. I am not spelling out how terrorists move money into the US on a public forum.
You dont seem to understand ms/mrs gerardo. My friend was on a website called offshorecorptalk.com that deals pretty much with offshore banking, shell companies, ect... an offshore banker based in dubai who works with a team of accountants and lawyers told him that they wont ask for source of funds. It didnt matter if it was like 100 million or 3 billion usd worth of dirty money... the banker just said "spend a year living and working" in dubai and then cash out here. After cashing out in dubai, youre supposed to declare the money in the u.s. and subsequently pay taxes on it. I can only assume that the offshore banker with his team of accountants and lawyers would provide the client with a legitimate cover story as to how their money is genuine, authentic, legitimate, clean if you will... assuming that the lawyer is saying is true, do you believe that he and his team could have found a loophole in fincen, treasury dept money laundering laws? Could what the lawyer be saying be in anyway true? I merely want your opinion here. Rsvp. Thank you.