Don_Dickle@lemmy.worldM to

Explain Like I'm Five@lemmy.worldEnglish · 1 month 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 · 1 month ago

Chat

Thebeardedsinglemalt@lemmy.world
link
fedilink
English
arrow-up
1·
1 month ago
Simple. It’s purely by design.

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.

3 users / day
606 users / week
1K users / month
3.09K users / 6 months
7 local subscribers
14.3K subscribers
94 Posts
1.71K Comments
Modlog