FROM THE ARCHIVE
URL: https://www.indianz.com/News/archive/000520.asp
Navajo Nation considers role as banking haven
Friday, March 5, 2004
The Navajo Nation has signed an agreement to consider establishing a bank similar to secret banks in Switzerland or in Caribbean countries, The Gallup Independent reports. The tribe is working with North Cove Management, a Nevada trust. The agreement calls for research to establish a Foreign Depository. According to The Independent, the venture would be a test of federal anti-terrorism laws, including the USA Patriot Act. The government has clamped down on secret bank accounts to stem the flow of terrorism money. Get the Story:
Navajo Nation as America's Swiss banker? (The Gallup Independent 3/4) Relevant Links:
Navajo Nation - http://www.navajo.org
Copyright Indianz.Com
URL: https://www.indianz.com/News/archive/000520.asp
Navajo Nation considers role as banking haven
Friday, March 5, 2004
The Navajo Nation has signed an agreement to consider establishing a bank similar to secret banks in Switzerland or in Caribbean countries, The Gallup Independent reports. The tribe is working with North Cove Management, a Nevada trust. The agreement calls for research to establish a Foreign Depository. According to The Independent, the venture would be a test of federal anti-terrorism laws, including the USA Patriot Act. The government has clamped down on secret bank accounts to stem the flow of terrorism money. Get the Story:
Navajo Nation as America's Swiss banker? (The Gallup Independent 3/4) Relevant Links:
Navajo Nation - http://www.navajo.org
Copyright Indianz.Com