Asher Rubinstein was quoted by CNBC on the issue of offshore banking secrecy and asset protection:
“Good asset protection does not rely upon banking secrecy. Foreign accounts, and foreign trusts and corporations which own foreign accounts, must be disclosed … reliance on secrecy to protect offshore assets is no longer a viable strategy in today’s world,” stated Asher Rubinstein, an asset protection attorney at New York-based practice Rubinstein & Rubinstein, in an April note.
The full CNBC article is here, and also appears on Yahoo! Finance, here.
The original quote appears in our article, Is Offshore Asset Protection Still Viable?