How can a businessman bribe his way into Africa? Find out in an offshore adventure!
Welcome to the secret world of offshore. Your goal is to navigate this parallel universe and hide your cash away. Don’t worry! Lawyers, wealth managers and bankers are there to help you.
Edmund von Kronen
You’re a successful business executive.
You made your reputation in real estate but are now eyeing opportunities for new ventures. Your gaze falls on Africa, where there appears to be a fortune literally waiting to be dug up… After all, how hard could running a mining company be?
Unfortunately, your lack of experience in the industry could work against you when it comes to winning an exploration permit.
You’ve heard that bribing a head of state could help influence the permit process. But how will you go about transferring a large amount of money without leaving a trace?
The head of state you are negotiating with guarantees you that you will be granted the exploration permit once the “special payment” is processed. To make sure the terms of the agreement are clear, he asks you to sign a document that details the exchange.
You now have to decide how to pay the bribe without getting caught by international authorities. You could make the president a shareholder in your new mining company, Mineral Adventures. Or you could transfer the money through a series of third-party offshore companies – a process called.
You are in the middle of negotiating the technicalities of the cash transfer when an associate of yours is arrested on an unrelated matter. The law firm gets spooked by the unexpected legal attention to your businesses and no longer wants to be associated with you in any way. They send you an email resigning asfor Mineral Adventures.
Your new law firm – which needs to check your identity to comply with “Know Your Client" (KYC) orrules, asks to see a copy of your passport.
Unfortunately, the arrest was too juicy for the press to ignore, and a few searches on the Internet easily reveal the links between you and your associate. The law firm refuses to do business with you.
It worked! With your expert business negotiation skills and the promise of more fees, you convince yourto keep doing business with you. The company helps with the money transfer, and you become the proud owner of the exploration permit n°AFR9082. You can commence operations – and start making more money – in no time!