How come Bermuda does not have anonymous bearer share corporations, yet liberal think they are secret?

[thom]

Bermuda's has new tight anti-money laundering legislation that is called the Proceeds of Crime Amendment Act 2000, from 1 June, 2001, applies to all banking and financial institutions. With this Act in place, fiscal offenses (think tax related) are now consistent with international anti-money laundering standards and all forms of tax evasion are now a criminal offense in Bermuda. Not good for privacy and opens the door wide for fishing expeditions to get records to see if there has been some tax violation. The Anti-Terrorism Act enacted in December 2004 "makes it an offense to raise funds for terrorism, to use and possess money or other property for terrorism, and to be involved in any arrangements where money has been made available for terrorism." The problem is this law requires any business to report to the police any activity they deem to be suspect of terrorist involvement. Of course terrorist activity is broadly and loosely defined. Additionally, the courts have been empowered to call for account monitoring, of course without the knowledge of the account holder. The funds and property of suspected terrorists can also be seized and held for up to two years while the investigation proceeds and then forfeited permanently if the investigation results call for it.

Bermuda does not have anonymous bearer share corporations.

http://www.panamalaw.org/jurisdictions_to_avoid_bermuda.html

[bret11]

Liberals make a LOT of erroneous and untrue claims because they know that they can and their supporters will not question them or have the common sense to see through the obvious idiocy of such claims.

How do you think they got the whole bullsh*t health care bill passed if not for the complete and utter nonsense that they spewed all along the way. I mean, come on! This is the 'grandma is reduced to eating dogfood' crowd.

[montgomery69]

Off Shore mean "foreign" to liberals.
Obama thinks there are 57 States, two of them are Off Shore, so the other 7 definitely have to be.
(wherever they are)
For being so "big" on treaties, regulations, insurance & laws, they sure are myopic on what they believe the coverage of them are.

[jabin20]

that is irrelevant! The purpose is to accuse Romney of hiding his money offshore, and anything that might counter that is to be viciously attacked and mocked!

[forde]

Because they know that they have enough uneducated, kool-aid drinking suckers on their side to actually believe the lies that they spew.

[ludano17]

Because they know that they have enough uneducated, kool-aid drinking suckers on their side to actually believe the lies that they spew.

How exactly is a law that was enacted more than 10 years ago considered "new"?

[stephon14]

Oh, I like a good ad hominem with my coffee.