9. Futhi umoya wolwandle unamandla futhi unamandla, futhi njengamandla amakhulu kakhulu They will not bypass the regulations because you call the on the phone with fire shooting out of your mouth jumping up and down like a monkey because they are taking too long or asking for too much information. Banks get audited regularly by local regulators to make sure all of the boxes have been checked for each account setup. So, don’t expect the to give you a wink and a nod and pat you on the head because you are too lazy to go get a passport or reference letter from your bank. They are not going to risk losing their license for you. They would rather just move on to the next customer who goes with the program. The fact is that offshore financial centers (OFC) or banks, also known as tax havens, exist mostly for the purpose of providing asset protection, asset growth, and tax reduction — depending on your jurisdiction. Such institutions are known to cater to for foreign individuals and corporations, large and small, around the world.