2006-07-19 18:37:46 · 9 answers · asked by LP 1 in Business & Finance ➔ Other - Business & Finance
No it's perfectly legal. Normally the account itself is set up for illegal purposes though.
2006-07-19 18:44:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Having a bank account is not illegal regardless the bank or country.
The purpose and the nature of transactions made through the account may have an illegal nature.
So its not the country nor the bank...its the purpose or transaction made...that may makes it illegal or not.
2006-07-20 04:25:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The account is not illegal, as long as you declare your income that you put into this account with the government, they do not care. If you don't claim the money, then you are doing something illegal.
2006-07-20 01:41:45 · answer #3 · answered by braleygirl 3 · 0⤊ 0⤋
It is not illegal to have accounts in any said locations, but all the money in those accounts need to be accounted for when you do your taxes (love the IRS).
2006-07-20 01:42:58 · answer #4 · answered by kidchaos69 2 · 0⤊ 0⤋
You can have a bank account in any country in the world.
2006-07-20 01:42:03 · answer #5 · answered by gretch 2 · 0⤊ 0⤋
It's not illegal to hold the account per se, tax evasion and money laundering are illegal.
2006-07-20 01:40:46 · answer #6 · answered by michinoku2001 7 · 0⤊ 0⤋
No, but you are required to disclose foreign bank accounts when you file your federal income taxes.
2006-07-20 10:53:02 · answer #7 · answered by Spot! 3 · 0⤊ 0⤋
No, it is not.
As long as you keep straight with the IRS, you are fine..
2006-07-20 01:44:25 · answer #8 · answered by Anonymous · 0⤊ 0⤋
nope...not at all
2006-07-20 01:39:24 · answer #9 · answered by Anonymous · 0⤊ 0⤋