The OECD has just launched their
Money Laundering Awareness Handbook for Tax Examiners and Tax Auditors. Among other indicators of money laundering for individuals, they include "
A person owns assets located abroad, not declared in their tax return".
Curiously this example of their manual can explain why using a bank account for Paypal can raise a red flag and also why most US banks don't like it:
It seems that Paypal is inclined now to accept prepaid debit cards which work like a virtual bank account:
https://www.paypal.com/worldwide
Has anybody had experience with using
www.payoneer.com or
www.virtualmoneyinc.com?
Any other providers of virtual bank accounts?
There is also
www.accentbanking.com
Solutions for Paypal - Virtual Bank Accounts
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