[Banker101]

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