Warehouse bank

Warehouse bank

A warehouse bank account is a bank account at a regular commercial bank in which all clients’ funds are commingled or pooled, for the purpose of concealing the client’s ownership of the funds. [http://www.usdoj.gov/tax/txdv04231.htm Scheme Involved Nevada Corporations, Bogus Insurance And Consulting Expenses, “Warehouse Bank,” And Offshore Credit Cards] ] [http://www.usdoj.gov/opa/pr/2008/April/08_tax_269.html Federal Court in Seattle Permanently Shuts Down “Warehouse Bank” Tax Defier Operation with $28 Million in Deposits over Four Years] ]

ee also

* Tax avoidance and tax evasion

References


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