Here at Liberty Enterprises we do not give out taxation advice of any kind. We further advise you to consultant with your local tax adviser or attorney and operate your business and personnel affairs in accordance with ALL your local tax laws.
The Proceeds Of Crime Act, 2000
The Proceeds of Crime Act, No. 16 of 2000 (the “Act”) prohibits anyone from conducting or attempting to conduct certain financial activities that involve the proceeds of unlawful activities. Money Laundering is an offence. A person engages in Money Laundering where:
(a) the person engages, directly or indirectly, in a transaction that involves money or other property that is proceeds of crime; or
(b) the person receives, possesses, conceals, disposes of, or transfers any money or other property that is proceeds of crime; and the person knows or ought to reasonably have known, that the money or other property is derived, obtained or realized directly or indirectly, from some form of serious offence.
As the transfer of assets into a limited partnership, trust, corporation or other entity may constitute such a transaction within scope of the Act, it is necessary for your protection and ours, that you swear under oath that none of the assets intended to be transferred to such entities were derived from any of the activities specified in the Act which would constitute Money Laundering. Therefore our firm required all clients to sign an Anti-Money Laundering affidavit before any kind of company formation or banking introduction can be established.
Further, Liberty Enterprises Inc. will not engage or assist any individuals or groups involved in Terrorist Activities, Drug Dealing, Fraudulent Activities, Ponzi schemes, Arms Dealing, Human Organs, Live Animals and websites promoting Hate, Racism or any form of Discrimination.
At Liberty Enterprises Inc. we are aware of the need for strict confidentiality in your offshore financial ventures. We will not disclose information that you give us in confidence. Your e-mail address will NOT be distributed or sold to third parties. The information we collect is used for internal use only and is then discarded.
All tax haven jurisdictions impose severe penalties for disclosure of confidential information, which may be fines or incarceration, or both. This sort of legislation is designed to protect individuals seeking offshore sanctuary from private aggressors or governmental authorities. Governments in tax haven jurisdictions are only able to sustain their economies through the promise of corporate and banking confidentiality.
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Confidential Banking is a Division of
Liberty Enterprises Inc.
Copyright 2007
Liberty Enterprises Inc.