URGENT Offshore News Alert - LATVIA

Ladies and Gentlemen, we recently received the correspondence posted below from PT Shamrock, one of the few reputable suppliers in the IBC/Bank Account/etc game. If you hold funds in Latvia I would suggest in the strongest possible terms that you move your money out of the country within the next few days. Bush's recent visit has stirred up a lot of bureaurat trouble there, and their accession to the EU isn't helping things easier. It's no longer just the mobsters to watch out for in Latvian banks... Get your money out now before you find it 'frozen' !

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Offshore banking takes a turn for the worse!

Pardon this intrusion. As our long term subscribers know, we rarely
send out an advisory in between our regular newsletters. However
the current banking situation merits this advisory.

Recently President Bush visited Latvia. Anyone watching his visit
with the president of Latvia witnessed all the hugs, kisses, best
wishes, etc. This brought to mind, "Humm!!! What's going on here?
What are these two 'leaders' up to?"

Well not two weeks went by and surprise, surprise we received the
letter below from a Latvian bank. [See Note 1 below.]

Following that letter, many customers starting emailing us saying
their accounts were being closed with very short notice. In fact
our own Latvian account is being closed as well after nine years of
being a very good and loyal customer.

This banking problem is not limited to Latvia! A colleague had an
HSBC bank account in Asia for more many years. An HSBC bank
official (in the UK) saw one their google adsense adverts for
camouflage passports and instructed the Asian branch to shut down
their account in good standing for ten years, within 24 hours. No
recourse, no ifs, ands or buts, close the account. And of course,
HSBC Asia did.

Worse many European, North American, Latvian and other
banks just started restricting their customers ATM card withdrawals to
a maximum of USD 1,000 per day. In most cases, the maximum an ATM card
holder will be able to withdraw anywhere in the world will be US$1,000 or
LESS! Understand now, these are banks who have the customers notarized
passport copy with the customers name appearing on the ATM/credit card.
Formerly many of these cards offered unlimited or very large daily
withdrawals from source. Chalk up another win for Big Brother :-(

All of the above of course, is being brought to you from your
government who is hard at work for you, i.e. fighting terrorism in
order to protect you from yourself.

One customer just e-mailed us: "My mother had an interesting and
true insight on this (Latvian bank closing) matter. According to
her, Latvia is one of those nothing countries that nobody had ever
heard of and couldn't care less about until recently. Now that they
emerged from the Soviet Union and are a part of the 'new' EU, they
have an "attitude" some what akin to a complex that Russia and other
more established nations, do not have.

Also, they love Bush, the US plus the EU and are falling over
themselves to become their puppets and get their approval."

Whilst all of the above is regrettable, as always, there are legal
loopholes, albeit the doors of opportunity are closing rapidity.
More on the remaining opportunities in a moment.

Take Action!

First, in the event you have any money in a Latvian bank account and
you have been threaten with closure, or even if you haven't been
informed your account will be closed, we recommend that you
IMMEDIATELY and without delay check your email account/s that you
use to correspond with your bank. You need to see what your current
status is urgently. In addition, we urge you in the strongest
possible terms to WITHDRAW and in haste, any and all funds in your
Latvian accounts. This must be done prior to June 21st, 2005.
[Please read the very strict procedures in Note 1 bank letter below.]

In the event your account is not being closed, leave a minimum balance
in the account to keep it activate. However we'd be remiss if we
didn't advise that you severely limit funds in and out of Latvia for
the future. We can no longer recommend any serious money going into
any Latvian bank account henceforth. USD/Eur 25,000 would be the
maximum we can recommend you keep in a Latvian account at any one
time.

Further in the letter in Note 1 below, basically you'll be required
to send the bank an invoice, explanation and PROOF of each and every
wire transfer into and out of your bank account. If you fail to
'comply' with any of those requests, your account and all money is
frozen, probably never again to be seen by you. Thanks but no thanks!
Personally we replied to our bank and told them they can take their
account and stick it where the sun don't shine!

As PT Shamrock has been saying for years now, one can never have too
many bank accounts. Time is running out for the privacy minded person.
Loopholes are being closed and opportunities lost forever.

Good news!

For PT Shamrock's customers who purchased a Latvian bank account and
or ATM card from us (and can prove it;) in the event your ATM card
and or bank account is being closed, e-mail us immediately and we'll
give you're a large discount on replacing your lost bank account and
or ATM card products with one of our alternatives below.

For those of you still at the starting gate who haven't gotten
your offshore act together yet, hope springs eternal! We offer some
interesting alternatives for banking in today's Terrocratic climatic.

Alternative 1: A Western European bank account that can be opened
via the mail, with Internet banking and a personal or company bank
account. Minimum opening deposit required to open this account is
US$25,000 or the Euro, CHf equivalent. Our cost to you is Euro 1,000
for the bank account. Add Euro 1,450 for an off the shelf bearer
share company. This account could be your best long term account.

Alternative 2: Asian company bank account. This bank is located
within the former CIS countries, but is very kosher. Their USD
correspond bank is in CHINA, not the USA!

Comes with Internet banking, an ATM card with unlimited daily
withdrawals (from source,) and a bearer share company for Euro 2450.
Opening account deposit is only USD/Eur 500.

Alternative 3: Swiss bank account. This a particular goody because
it can be opened reasonably fast and the opening deposit is minimal.
Personal accounts only are available at this time. Includes brokerage
account and Internet banking. Notarized Passport copy required.
Cost is Euro 1500.

Alternative 4: Lithuanian bank account: Don't discount this account,
because the bank account is opened locally by the branch of a
prestigious European bank. Internet banking, ATM card and NO, repeat
NO notarizations required!!!

Cost for a bearer share company, company account as above, just Euro
2450.

Alternative 5: St. Kitts company and St. Kitts bank account. This could
be a real winner, albeit notarized passport copy and utility bill
required. Includes easy to use Internet banking and an ATM card with a
minimal opening deposit. Your cost, Euro 2995.

Alternative 6: Our USD/Eur 12,000 monthly withdrawal, no name no ID
ATM card. This ATM card is NOT from Latvia and is hard to find. See
http://www.ptshamrock.com/nonameatm.htm for details. Cost,
including courier charges is Euro 545.

Alternative 7: This no name ATM card is for the serious player only.
No name appears on the card and there is a whopping 150,000 USD
monthly withdrawal limit (US$5,000 daily limit.) Best of all the
card is from a very strong country and the card NEVER, repeat, NEVER
expires. See http://www.ptshamrock.com/auto/60katm.htm for details.
Cost is US$1,320 and there is a very limited supply available at this
time.

Set up times for the above varies. In most cases the no name no ID ATM
cards are sent to you by courier within a few working days after
we receive cleared funds. The bank account opening process varies widely.
Expect 4 weeks more or less to get an account opened in todays
business world.

Remember there is a nice discount on the above products to our
customers who, like ourselves, have been hurt by recent Latvian banking
laws and have had, or will have their bank accounts and or ATM cards
terminated.

See you with our next PTBuzz issue, July 2005.

Shamrock

PS Please note; there will most likely be a substantial price increase
for the bank products above, due to these recent government restrictions on
bank accounts and the extreme scarcity of same. Take action now to
avoid future price hikes.

To order at our secure on-line order form, proceed to
https://www.ptshamrock.com/order_bwe.html

Note 1:

June 13, 2005

Dear Customer!

Amendments to the Law On the Prevention of Laundering of Proceeds
Derived from Criminal Activity are published today entering into
force on 24 June 2005. New regulations impose additional
requirements towards relationship between Latvian banks and their
customers.

Banks must collect information, document and verify data regarding
business and personal activities of customers, origin of their
funds, organizational and ownership structure, financial position
and beneficial owners of corporate customers. In case any data is
missing on the customer's file or if information provided by the
customer is misleading the bank must immediately terminate any
relationship with the customer in question and close his accounts
along with the accounts of all other companies belonging to the same
beneficial owner.

Banks may not provide services to shell banks. Companies carrying
out money transfers on behalf of third parties are, among other
structures, classified as shell banks.

Customer information, including data of his beneficial owner, shall
be disclosed not only to a range of public authorities but also to
correspondent banks registered in the EU or OECD countries.

If the customer fails to provide the bank with the necessary data on
time and the bank decides to terminate relationship with the said
customer the accounts shall be closed. Any balance from the
accounts can only be transferred to an account of the same customer
in a bank registered in the EU or EEA country or in the bank where
the funds initially came from. From 27 June it will not be possible
to transfer such balance to any third parties or to withdraw it in
cash.

Further on, the new regulations introduce severe financial penalties
to the banks failing to comply with the new rules.

Currently our bank has temporarily stopped opening new non-resident
accounts in order to audit its existing customer base to make sure
that the information on files complies with the new requirements.

Within the next few weeks our officers will contact you to discuss
possibility of further servicing of your funds in our bank and,
possibly, to request some additional documents or information. We
should also ask you to consider what documents you can provide to
comply with the requirements described above and send them over to
your account manager at our bank.

Yours sincerely,
XXXXX
Head of the International Customers Service