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Post by Noor on Apr 10, 2013 15:05:22 GMT 4
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Post by Sapphire Capital on Apr 10, 2013 21:09:13 GMT 4
it is a long time now that bank secrecy in Luxembourg is under presure and always has it been the argument that it is used for tax evasion or money laundering, when in reality for an equal long time now structures in Luxembourg are that way that bank secrecy does not really matter any more. The tracing of wire transfers has been done for more than a decade and databases gotten more sophisticated and allow backtracking and identifying customers.
Successful people use Luxembourg for its easier financial markets and the exact density of market players at the place.
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