this post was submitted on 20 Oct 2024
113 points (97.5% liked)

Explain Like I'm Five

14397 readers
1 users here now

Simplifying Complexity, One Answer at a Time!

Rules

  1. Be respectful and inclusive.
  2. No harassment, hate speech, or trolling.
  3. Engage in constructive discussions.
  4. Share relevant content.
  5. Follow guidelines and moderators' instructions.
  6. Use appropriate language and tone.
  7. Report violations.
  8. Foster a continuous learning environment.

founded 2 years ago
MODERATORS
Rikudou_Sage
[email protected]
sabbah
AradFort
Don_Dickle
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? (self.explainlikeimfive)
submitted 2 months ago by Don_Dickle to c/explainlikeimfive
34 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] AA5B 8 points 1 month 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 1 month ago

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