PRIVACY

Asked to give a single word answer as to why Americans, Canadians and many European citizens "go offshore", the answer would be privacy. People are not free to pursue their business and other financial dreams and goals in their country of residence and maintain any semblance of privacy.

It's not just the tax authorities, although they are the most obvious villains. In the U.S. every bank is under legal mandate to report various transactions of their banking clients. Under the guise of fighting crime, the government has intruded into the financial lives of its citizenry beyond any measure that the Founding Fathers would have ever countenanced.

Whether it is the arena of asset acquisition and protection, income stream protection, records retention and protection or other areas of life, thousands are flocking "offshore" each year in search of a little privacy. Confidential credit card accounts have gained in popularity, but U.S. citizens must be wary not to break the law on reporting foreign financial accounts. Foreign brokerage accounts have also become very popular, but unless properly structured may constitute illegal tax evasion. The U.S. Department of Justice is not backing away from its plans to use a program named "Carnivore" to intercept and read millions of private emails that pass over the Internet. Wire transfers of funds are routinely reported to both the Federal Reserve and the tax authorities.

Many of the services offered by Prudential and other offshore service providers have privacy as the underlying and driving force. People want their business to be their business. They want to be left alone. They want to be able to plan and care for their loved ones without interference from either government or private interests.

Prudential uses the highest algorithm based encryption technology to make secure and private communications possible. A long time believer in PGP technology, pioneered by Phil Zimmerman from MIT, we offer the opportunity to deliver and receive important communications that cannot be intercepted and read. We maintain our records storage in servers that are located in tax haven jurisdictions and which servers do not have direct Internet access. No one can hack into our records archives because there is no Internet portal. Your privacy and confidentiality is our mission.