Offshore Banking FAQ

What is an Anonymous account?

There is no such thing as a real “anonymous account”! Each bank that provides onshore or offshore banking services is required by law to know the clients in very comprehensive detail. In many banks, it is possible to open a bank account without a personal visit to the bank, but even in this case customer should provide Notarised or Apostilled identity documents, bank reference letters, utility bills and other documents allowing to identify the person opening the offshore bank account. This is simply required by offshore banking laws in each offshore jurisdiction and there are no exceptions. Sometimes there is a misperception that a number account is an anonymous account. The numbered account is an account preserving individual’s privacy when sending money to/from the offshore bank account, but it is no way anonymous. The bank knows the identity of the person beyond such an account even much better than with regular offshore accounts.