Sydney, Australia (PRWEB) December 7, 2005
International banking adviser Harold Stenhouse has identified a major hole in the Australian banking system that permits anyone to open a personal or corporate bank account with no identification requirements.
"With over 37 years of banking experience I thought I had seen it all, but this was new even to me" Mr Stenhouse said.
The bank in question is one of the most progressive banking institutions in Australia and offers some of the most advanced Internet banking facilities and a full suite of banking services.
"How a bank with billions in assets in a reputable jurisdiction like Australia can allow virtually anyone to open a personal or corporate bank account with no identification requirements is almost unthinkable."
Mr Stenhouse discovered the non publicised banking arrangements whilst establishing a clearance facility for his stock investments.
"This account offers almost every benefit imaginable - an interest rate of nearly 5%, exposure to an appreciating currency and full Internet banking. You can open the account from almost anywhere in the world and make transactions by mail. You don't even have to visit the bank"
Mr Stenhouse believes that this is the only account available in the world that allows someone to open an account in person or by mail without having to provide proof of their identity.
"Amazingly this is not some banking minnow but a major player in the Australian banking system - one of the safest and most reputable banking systems in the world"
Mr Stenhouse has prepared an exclusive report into how anyone can open an account with this primary banking institution.
"This information is not available anywhere else and I believe that unless people act within the next few weeks the opportunity to open an identification free bank account will be lost forever."
Under current legislation, the bank in question is not required to identify their account clients despite a global crackdown on potential money laundering and financial fraud.
Whilst acknowledging the potential for abuse of these type of accounts, Mr Stenhouse believes that facilities such as these no identificaton bank accounts are a victory for privacy and personal freedom.
"I would expect that these accounts will only remain available for a few months at best so anyone seeking to keep their banking affairs private will need to act very quickly."
The report is available online at http://www.private-bank-account.com
About Harold Stenhouse
Harold stenhouse has over 37 years of private and commerical banking experience in both Europe and various offshore financial centres. He has recently completed a report on the amazing anomaly available in the Australian banking system that is available from