Two Urgent International Bank Updates

by | Jul 20, 2011 | Archives

Here are two urgent international bank updates.


Thomas Fischer Senior VP for JGAM speaking with delegates at our farm.

First the good news from Thomas Fischer who updated our recent report on FATCA in an article entitled “Global Banking Business Opportunity”.

FATCA is a regulation contained in the 2010 HIRE act that will require overseas banks to report earnings of US citizens beginning in 2013.

Thomas wrote:  Hi Gary, according to the attached Bloomberg article  it looks like FATCA is postponed.

The Boomberg article is linked below and is entitled: “IRS Delays Overseas Bank Reporting Rule Criticized by Aegon” written by
Steven Sloan and published July 14, 2011 .

Here is an excerpt of this article covering the main points:  The Internal Revenue Service is giving overseas banks an additional year before they will have to make any withholdings from U.S. customers who fail to disclose enough identifying information to U.S. tax collectors.

The second round of IRS guidance issued today on the Foreign Account Tax Compliance Act, or FATCA, doesn’t require banks to make 30 percent withholdings on non-compliant U.S. customers until Jan. 1, 2014. Other withholdings on gross proceeds and income that might be indirectly sourced to the U.S. won’t start until Jan. 1, 2015.

The requirements, which Congress approved last year, were originally slated to take effect at the beginning of 2013. Today’s announcement is intended to address the concerns of overseas financial institutions, including Toronto-Dominion Bank (TD) of Canada, Allianz SE (ALV) of Germany and Aegon NV (AGN) of the Netherlands, which have said the proposal is too complex.

“Today’s notice is a reflection of our serious commitment to implementation of the statute, but also a serious commitment to listen to the implementation challenges of affected foreign financial institutions,” IRS Commissioner Doug Shulman said in a press release.

This good news has a dark side as well.

An article in the July 18, 2011 USA Today articlke entitled “HSBC alerts U.S. clients to offshore tax evasion probe” by Kevin McCoy, USA fortifies the problem Americans have when it comes to banking abroad mentioned in our recent message  “Global Banking Business Opportunity”.

Here is  an excerpt from the USA Today article: A major bank at the center of an expanded federal crackdown on wealthy Americans suspected of offshore tax evasion has told Indian-American clients to “be aware” of the IRS’ offer of lower penalties for those who voluntarily disclose secret overseas assets they hold.

HSBC’s former head of services for Indians living outside their homeland recently wrote to the clients confirming that the London-based banking giant had received an IRS summons seeking the names of Americans who hold accounts at the bank.

In the letter, a copy of which was obtained by USA TODAY, Sanjay Nair did not address whether HSBC plans to turn over the information. But he urged Indian-American clients to consult with a U.S. tax adviser “if you have any concerns about your U.S. tax reporting relating to your HSBC India account(s).”

“You may wish to be aware of an IRS voluntary disclosure program, which encourages U.S. taxpayers to bring themselves voluntarily into compliance with the U.S. tax laws,” Nair added, referring to an offer set to expire Aug. 31.

Martin Press, a Fort Lauderdale tax law expert who said he and his firm had been consulted by several HSBC Indian-American clients, predicted the letter signals “HSBC intends to fully cooperate with the U.S. government.”

“It basically seems to put people on notice to either take advantage of the IRS program — or face possible legal consequences,” Press said.

Since the investigation began, at least two American-Indian clients of HSBC have pleaded guilty to tax-related charges. A third was indicted last month by a federal grand jury in Milwaukee.

Separately, Credit Suisse announced Friday that federal authorities have designated the Swiss bank itself as a target of the continuing investigation. “Subject to our Swiss legal obligations, we will continue to cooperate with the U.S. authorities in an effort to resolve these matters,” Credit Suisse said.

This site has warned readers to always report all earnings and never use overseas accounts to avoid tax. For decades it has been clear that the US would continually increase the pressure to reduce bank secrecy.

This fact also confirms the fact that fewer and fewer banks are likely to accept US customers. This increases the opportunity for those referring customers to  JGAM.

This is why JGAM is the first company we have introduced in our new international business program.

We have been working for many years with a number of businesses who have products or services that we love.  These companies are headquartered in many places… Switzerland, Denmark. Ecuador, Spain, Canada as well as the USA and all of them offer global potential… business opportunity almost anywhere.

We write about many of the products of these companies often… though we are not paid.. but just because we like their products and hope you’ll enjoy them too.

We have now started a program to help our readers create their own micro business working with these businesses as referrers, dealers and distributors.

What a match… tens of thousands of readers, many wanting to earn globally… meeting some great… really unique global businesses tied together with our communication system that can bring all this: training…. communicating and networking.

Our online course, International Business Made EZ, is already geared to help readers learn how to do business abroad… anywhere… anytime.

We have now expanded this course into an annual service that updates readers with business ideas, leads, and tips, contacts, etc.

We have started the beta program, and the good news is that we are not charging a penny more more.  Our International Business Made EZ online course and our International Business Made EZ seminars remain the same price though we’ll now offer subscribers an entrance to doing business with many turnkey businesses.

The overall service can bring you the following benefits:

#1: Connect you via our our online course “International Business Made EZ” to here and now specific business opportunities.

#2: Keep you in touch with other readers in the program, share business tips, ideas contacts and even website support in some instances.

We are starting with these five businesses first.

#1: Jyske Global Asset Management  (JGAM)
#2: Bio Wash
#3: Candace Newman Essential Oils
#4: Roses
#5: Ecuador Imbabura Export Products

Introducing JGAM training is the first step in this program because our activities as publishers has a synchronicity with Jyske and JGAM so we have been able to combine our training, communications and lead generation abilities with their financial organization.

Business is always a little more complicated when it entails financial products so we have created a beta program to develop this system.

A referrer does not have to be a registered as an investment adviser but JGAM does have a due diligence requirement. JGAM will also expect a certain amount of referrals per year though this amount has not been determined… hence this beta offer.

JGAM pays a percentage of their fee to the referrer up to a maximum 25% of their fee. This not only offers an excellent income generating opportunity but creates a potential long term income stream because JGAM keeps paying the fee as long as the client remains a client. Fees are paid on a quarterly basis.

There is also potential for growing long term income because JGAM pays the referrer based on the total assets under management.  If a referred client makes additional payments, the referrer will be paid on the total amount.

For example if an referrer refers a client who invests a minimum $100,000 and the annual fee is 2%, the referrer earns $500 per annum basic fee (as long as the customer remains with JGAM)… plus if the assets grow either through portfolio growth or added deposits… so too does the referrer’s fee.

The JGAM program is just one part of a more advanced program to help our readers earn income with their own micro businesses.

Our first program is already under way with JGAM and we have set our first training session for October 10, 2012.

This program will allow subscribers of International Business Made EZ who have attended an International Business Made EZ seminar to become referrers for JGAM.

We have been working with Jyske Bank for over 20 years and Jyske Global Asset Management, a Jyske Bank wholly owned subsidiary. We started talking to Thomas Fischer Senior VP about an referral program for some time.  Finally,we introduced this opportunity for the first time at our June 2011 seminar.  The response was overwhelming.

Jyske Bank employs a staff of about 4,000 and operates 116 Danish branches, which makes it the second largest independent Danish bank. They offer a full range of financial solutions to retail as well as small and medium-sized corporate clients.

We have always liked Jyske because they are one of Europe’s largest currency traders and offer very simple but sophisticated multi currency investing services.  They are one of Europe’s largest currency traders and dealers.

We have especially enjoyed our business relation with Jyske because being open and honest is one of the core values of the bank group. Traditionally, Jyske formulates and communicates its values – and the way they understand and live by them – to the surrounding world. They work hard offering shareholders, customers and employees balanced opportunity.

We especially like the fact that Jyske employees are not paid bonuses.  No multi million pay outs are in the system that might temp staff to distort earnings or take undue risks.

The book “Our Foundations” outlines the principle of balance, the values, the vision, the company mission, the strategy and the value chain of the Jyske Bank Group.  You can read “Jyske’s Foundations” here to get to know the group better.

The first business opportunity we are offering through International Business Made EZ is with JGAM.  Subscribers to our International Business Made EZ online course who attend can train as referrers introducing American customers from anywhere in the world.

Here is how you can apply for this program.

To start as a referrer,  there is first the compliance process with Jyske Bank.

Once that process is complete, our IBEZ system helps educate and assist referrer.

First… once a referrer has been approved by JGAM, and the referrer has completed our online course International Business Made EZ course and attended one of our  international investing and business seminars they can attend an exclusive training seminar at our farm.

We have a…




seminar hall where…


unless the group grows too large, we’ll meet.   We’ll have lunch  on the deck looking over Little Horse Creek.

International Investing and Business seminars.

JGAM and our company conduct this one day intensive training for agents the day after each International Investing and Business seminar.

The first such seminar will be conducted Monday, October 10, 2011 immediately after our October 7-8-9 International Investing and Business Seminar in West Jefferson, North Carolina.

Part of the program is designed so we can assist referrers by referring readers in their locale to them.  So for example if a referrer is in Miami, we will send special emails to our readers in that area, help organize mini seminars… etc.

We can zero in as close as 20 miles to a location so for example we can send a separate email to every reader within 20 miles of the address of a referrer.  And although we won’t release the names in that area, we can send them a note of the opportunity.

We will also provide a referrer communication forum and update training as well as portfolio and investing ideas.  We have general plans at this stage but find the best way to develop systems is to refine through action. We expect our beta program this year to clarify how we can best help our readers become referrers and how we can help them succeed.

Step one is to start the compliance process with JGAM.  Thomas Fischer  can send you the Introducer Questionnaire and Terms of Business.

Thomas Fischer’s email is

This will begin the process of establishing a relationship with JGAM.  Once this relation is approved and verified, then you will be able to enroll in the referrer training.

You must subscribe to the online International Business Made EZ course and attend an International Business and Investing Seminar to be eligible for the October training.

All of our readers are invited to enroll in our International Business Made EZ Online Course and our International Business and Investing Seminar at any time.

If you have an interest, subscribe to our online course.  Enroll Here $299. When you enroll, we’ll send you the online course  International Business Made EZ. and five bonuses worth $557 FREE.

In addition, once complete, your $299 fee can be applied to the International Investing and Business Seminar.  Likewise when you enroll in the seminar the online course is provided free so you save $299.

Get more details about the online course and bonuses at International Business Made EZ.

After attending our International Business and investing seminar on October 7-8-9, you will be able to attend the JGAM agent training session FREE.

You can also reserve the October seminar now, if you choose. Click here for details.

Your Cost

Your cost will be exactly the same as it has always been… $299 for our online course and $799 for the seminar (or $999 for a couple).  There is no additional charge for the training involved for a year.  Each year you remain an agent, you’ll be able to get updated training with an automatic charge of $299 if you choose to remain in the program.

Satisfaction Guaranteed.  Three Guarantees.

There is no guarantee that JGAM will approve your application as a referrer just because you enroll in the seminar or take the online course so we make two special guarantees.

First Guarantee. Regarding the online course International Business Made EZ.  Enroll in this course. Take it and if you are not satisfied for any reason within 30 days… let us know and we’ll give you a full refund.

Second Guarantee. Enroll in our October 7-8-9 International Business & Investing Seminar.  I’ll send you a recording of the June seminar now so you better understand what these seminars are and how they help you.  If you are not happy with what you hear, let us know within 30 days and we’ll give you a full refund. You keep the recorded seminar as our thanks.

Third Guarantee.  Your earnings potential has this guarantee.  First, any time between now and October… before you attend the International Business and Investing seminar if you fail to qualify as a JGAM referrer agent or change your mind before attending the International Business and Investing seminar you can ask for a full refund.

Enrolling in International Business Made EZ will also qualify you for all other distributor and dealer programs we develop. Enrolling in the online course once and attending one seminar provides full qualification to apply for all programs we develop for a year.



Enroll in the online course International Business Made EZ.  Enroll Here $299. When you enroll, we’ll send you the online course  International Business Made EZ. and five bonuses worth $557 FREE.

Enroll for the October seminar now if you choose.   Get the recording of the June seminar AND the online course International Business Made EZ course FREE. This saves $498.  Click here for details.

See more on the farm at

Bloomberg:  IRS Delays Overseas Bank Reporting Rule Criticized by Aegon

USA Today:  HSBC alerts U.S. clients to offshore tax evasion probe