Foriegn Bank Account-Can someone give a straight answer?

[gtg689a]

Ok look, I play .10/.25 NL on party 4 days a week in the evenings. I don't make a ton of money, but I pay my rent with what I win. I don't see what the big deal is with this.

Can someone tell me how you set up a foriegn bank account and then how you get money from it into your US bank account. Wouldn't this solve the problem? There must be something I am overlooking here because this seems like too easy of an answer here.

If its not tough, then I am going to try to open one this week! But I would appreciate it if someone could give me the lowdown on this stuff.

[BluffTHIS!]

This isn't a legislation question and belongs in the zoo (internet forum). There are however other threads on this in this forum, links for which you can find in my links thread below.

[Poker_Hoar]

OK, here is what you need to do.

1. Get your passport.
2. Go to foreign country.
3. Get a lease on a property as your 'vacation home'
4. Register as a 'resident tourist' with the local police station.
5. Take lease papers and local registration to bank.
6. Fill out paperwork, US Form W9, anti-money laundering documentation.
7. Expect letters from bank when you deposit more than $10,000.

Note that that the above steps will vary by country.

Thinking about Hong Kong or Gibraltar? Good luck Yankie. Thinking of Europe. No problem. Canada--I don't know.

This is as straight as I can put it to you.

Good luck.