Offshore Bank Account Security

Whether storing your money in an onshore or offshore bank account, banking privacy and security is a major concern. It is crucial that your anonymity and your finances are safe. The Offshore Company UK is fully aware of all financial safety laws and offshore banking security and recommends offshore banking institutions which participate in a central banking system. This system is highly regulated and implements stringent bank accounting practices. In essence, this means that banks which ascribe to this practice provide a stronger infrastructure and independent oversight. Many offshore financial centres provide secure and private offshore banking accounts for US, UK and EU individuals, companies and local government officials. These offshore banking institutions provide employment and support the local economy and so offshore bank security is vital. In these OFC’s, the local economy depends largely upon the financial services sector and, therefore, the confidentiality, privacy and financial safety laws are of long-standing duration and, hence, stable.

It is essential that all prospective clients select their offshore financial centre carefully to address individual needs. The Offshore Company UK performs extensive research into many of the top offshore bank account providers and are delighted to be able to provide you with the complete information to assist you make the correct decision for you.

In some countries, Offshore Banks participate in mandated financial protection insurance systems. Security, privacy and confidentiality are taken incredibly seriously. Offshore bank account security and privacy is statutorily enforced. This means that legally speaking, these institutions are not allowed to share any information with a third party, including foreign governments. The exception to this incredibly robust legislation is where there is compelling evidence from a foreign government that severe cases of criminality and or terrorism has taken place and the bank account is a part of this process. Banking privacy is not taken lightly. In Switzerland, for instance, any employee who violates customer privacy is punished severely by law, which includes stiff fines and imprisonment.

The following are jurisdictions which contain private banking financial centres:

  • Antigua
  • Bahamas
  • Barbados
  • Channel Islands (Jersey and Guernsey)
  • Dominica
  • Gibraltar
  • Hong Kong
  • Isle of Man
  • Labuan, Malaysia
  • Liechtenstein
  • Montserrat
  • Nauru
  • Island of Nevis
  • Singapore
  • Seychelles
  • Switzerland
  • Turks & Caicos

The Offshore Company UK has developed close working relationships with offshore banks in all of the major offshore financial centres and we perform regular reviews, ensure we do our due diligence and conduct walk-in meetings in order to ensure that our customers’ offshore accounts are safe and secure.