Yes and no. Yes because for two or three decades, all money in electronic circulation, especially US dollars and EUR, have been traceable down to the penny in real time globally. That cannot be avoided, and at the same time, should not be worried about.
The answer is also no, though, because the system has very little information about the trust. All that is disclosed to the banks and the government agency that issues its identification number is:
- the name of the trust;
- the type of trust – the word to use is “irrevocable”;
- the name of the “responsible party” – – which can be anyone you designate; and
- the tax ID number of that person. That’s it.
(The tax ID of the responsible party has never made that party liable for trust taxes in any of these trusts in our experience of five decades worldwide. It is only for identification.)
So, the international databases only see that the trust exists, that it is irrevocable, and that someone is the responsible party.
These databases can see the amount of money assigned to the trust and in which banks it is deposited. But, the databases don’t know anything else. They don’t know:
- who are all the trustees – – they can see the one that is the signatory on the bank account, but they don’t know who the other trustees are;
- who the grantor is;
- who the beneficiaries are;
- what the indenture says;
- what the purpose of the trust is;
- whether the trust is common law or statutory – – “irrevocable” can be either;
- where the money is coming from;
- where it is going to go;
- and so on.
The trust is kept private. Thus what is traceable is such a minimal amount of information that it is not enough for any would-be attacker or interferer to do anything intelligent against it.
