Introduction to International Trust Agreement Banking - International Trust Agreement banking is a means of maintaining extreme privacy in your banking relationships. An International Trust Agreement is entered into with the Guatemala Law Firm correspondent law firm in Mexico. You are the "Trustor" or the -Grantor- and the Law Firm is the "Trustee". The Trustee holds assets on behalf of the beneficiary. The Law Firm actually is the one listed on the bank records; your name never appears in any bank records or bank documents.
You are not the signatory nor are you the beneficial owner of the account. The Trustee needs to know who you are to identity the required documents, such as a notarized copy of a driver's license and passport sent as a scan to our email () or by courier. A lawyer or barrister can also sign these documents. These documents never go to the bank. Bank reference letters, which are often treated as reportable suspicious transactions, are never required. The identity documents also serve to protect you from identity theft.
We also provide additional safeguards against this that are confidential. You have a written agreement with the Trustee detailing all the terms of the agreement. You may direct the Trustee to disburse funds, move funds, and invest funds, etc., as you wish in accordance with the terms and conditions of the international trust agreement. You can even operate the online banking for the bank account.
All transactions and communication with the law firm, including the International Trust Agreement, is covered by attorney client privilege. The bank cannot give any information to an inquiring party because they do not have any. All attempts to get information on you would ultimately wind up in a Guatemala court, which is very bad for them because Guatemala respects attorney client privilege much more than North America or European countries.
Information Requests -Any bank would have to turn over the account information listing the signatory and beneficiary owner as the Guatemala law firm correspondent law firm. Banks have no options; they must comply. We would then be contacted and refuse to reveal any information about the client (you). If there is a request for information regarding a civil matter (judgment, divorce, bankruptcy, etc.) the request will be ignored and put in the paper shredder. In the event that a request for information is made to the bank under a tax treaty or a MLAT treaty from a national government it will have the same result. The matter will eventually wind up in a Guatemala court if the requesting government wishes to pursue the matter and spend the time and money to do so.
They often do not have the funds, time and resources to this and instead will chase the other low-hanging fruit where there is a greater chance of recovering money for their government. As soon as the law firm is aware of any request for information you will be contacted and most likely you will want your funds moved to another jurisdiction rapidly, and such a request we would be obliged to comply with. The requesting nation would need to come to Guatemala if they are so inclined to try and find out whom the client is. They will hire local Guatemala counsel to represent them and attempt to use the courts to force the law firm to reveal who the client is. They will argue suspicions and try to get the records that way.
The lawyer sent by the requesting country will start testifying about how bad they need this information and how sure they are that once they get it they can make their case. This does not work in Guatemala. The attorney from the requesting country will immediately be accused of testifying (lawyers are not supposed to testify in court) and asked to waive his or her diplomatic immunity exposing them to charges of perjury and contempt of court. This is where it will normally end since the attorney from the requesting country is not going to expose himself to such charges.
The usual offenses claimed are fraud, conspiracy, and, of course, money laundering (Guatemala has restructured their money laundering laws to prevent frivolous money laundering actions). Such allegations require evidence, not just suspicions. Rarely does evidence exist. The case must be about more than taxes, as this alone is not sufficient to break attorney client privilege. This is a very serious matter in Guatemala and it will take evidence of a major crime like kidnapping, blackmail, extortion, murder, narcotics trafficking, slavery, forced prostitution or child pornography to do so. Without evidence the action will fail. Once again, the law firm is not a bank that has to comply.
Mexico as the Jurisdiction - We form a Federal Corporation in Mexico. This is an anonymous corporation. Your name never appears in any public registry or database associated with this corporation. A bank account is opened in Mexico with a private bank. This is a lot different than a regular Mexican bank and has much more secrecy and privacy associated with the bank account. The bank will not have any identity documents on you and will not have your name. There will be online banking and a no name Visa or MasterCard. There are several banks in Mexico that we can use for this.
Fees - The startup fee is $6,000 and covers the corporation, International Trust Agreement and opening of the bank account. It also includes a general power of attorney for the corporation made out either in blank or to a person of your choosing. In the International Trust Agreement you can create a list of beneficiaries in case something should happen to you. The law firm also collects a fee of 3% of all incoming monies into the account. This is a one-time fee and only applies to incoming funds. If you just wish to use our law firm attorney-client trust account in a Mexico bank the fee is only $2,000 for the international trust agreement, plus the 3% on all incoming funds.
Bank Minimum Balance - The minimum balance for the bank account is $5,000.
Time Frame - If we custom form a corporation (you pick the name of the corporation) it will take six weeks to form the corporation and get the bank account open. If you use a shelf corporation (you do not get to pick the name of the corporation) it will take seven to ten days to get the bank account open. You can then change the name of the corporation (extra charge), which takes two weeks. After the corporation name is changed we then change the bank account name to match the new corporation, which takes about one week.
How to Order - First we need you to send us a notarized copy of a passport and driving license. This can also be certified by an attorney instead of a notary. We do NOT need any reference letter or utility bills. The ID can be sent over as a scan (300 dpi jpg or jpeg please) an attachment in an email. The email address is:
When we have the ID we will send you wiring instructions for the professional legal fees plus the $5,000 minimum deposit for the bank account. We can receive this by bank wire, western union or in person as a cash payment.
Then we would like you to fill out an online order form.
Secure, Encrypted Order Form
Next we will assign an attorney to you who will work with you to create an International Trust Agreement. You can list additional beneficiaries in case you are disabled or deceased. You can also construct a distress clause stating how you wish your assets to be handled in the event of a period of distress. This can be divorce, lawsuit(s), bankruptcy, incarceration, incapacitating illness, etc. Then you get a copy of the International Trust Agreement.
Next your corporation is formed or we use a shelf corporation. Then the bank account is opened and funded and you can begin to use it.
Interim Bank Account - During the period of formation and setup we can allow you to use one of our attorney-client trust accounts to receive funds in while waiting for the setup. This can be done in as little as 24 hours form the receipt of the ID, payment and having signed the International Trust Agreement.
Funds Limitations - There are no limits.
Money in and Money Out - This too can be done. Inquire.
Currencies - Different banks offer accounts in different currencies. Inquire.
Cash Deposits - In the countries where we accept cash deposits at the bank it is not illegal to use cash. Cash entering the country will need to be declared to be lawful. We will assist you with this process. Inquire.
Anonymous Visa and MasterCard - These are available. They will need to be loaded by bank wire. One can have a number of these cards as a way to increase daily ATM cash withdrawal limits. Click here for more info.
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