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Alt 17.12.2006, 15:13
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Standard The first Swiss-style international private bank in the United States

When you think of bank secrecy, Switzerland comes to mind, and maybe the Cayman Islands as well..

But Colorado?

And therein lies the challenge for E. Jerry James, founder of what Worth magazine describes as the United States' first private bank for foreigners. James created American International Depository and Trust to take advantage of
Colorado's Foreign Capital Depository Act of 2001,
which was intended to attract capital to the state by offering legal protection and financial anonymity to foreign citizens, Elizabeth Harris writes. "We are providing a safe entree into the United States for legitimate businesses," James said. The federal government may not request or receive client information without a subpoena or search warrant and, Harris adds, the Colorado legislation "also requires someone seeking recognition of a foreign judgment against a depositor to prove that the decision was rendered in a system of impartial tribunals." Not surprisingly, James refuses to reveal the number of clients, accounts or assets his bank has, and Harris adds "he will not share any information that could ... disclose information about depositors."

http://www.aidtprivatebank.com/
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