cryptohunter
Active member
- PPF Points
- 2,738
The government of the country where the offshore bank account is held regulates it by implementing laws, regulations, and policies to ensure compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) standards. They also oversee the operations of financial institutions and monitor their activities to ensure they follow the rules. In addition, they may exchange information with other countries to prevent tax evasion, fraud, and other financial crimes. The specific regulations and requirements may vary depending on the country.
