Don_Dickle@lemmy.worldM to

Explain Like I'm Five@lemmy.worldEnglish · 2 months ago

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?

107

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?

Don_Dickle@lemmy.worldM to

Explain Like I'm Five@lemmy.worldEnglish · 2 months ago

Chat

CrayonMaster@midwest.social
link
fedilink
English
arrow-up
15·
2 months ago
…too old or too recent? I’d describe anything from 3 to 10 years ago that way
- XTL@sopuli.xyz
  link
  fedilink
  English
  arrow-up
  2·
  2 months ago
  Doesn’t have to be either. Someone just had a more specific number.

Explain Like I'm Five@lemmy.world

explainlikeimfive@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !explainlikeimfive@lemmy.world

Simplifying Complexity, One Answer at a Time!

Rules

Be respectful and inclusive.
No harassment, hate speech, or trolling.
Engage in constructive discussions.
Share relevant content.
Follow guidelines and moderators’ instructions.
Use appropriate language and tone.
Report violations.
Foster a continuous learning environment.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

2 users / day
40 users / week
934 users / month
3.11K users / 6 months
7 local subscribers
14.4K subscribers
95 Posts
1.73K Comments
Modlog