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Old 15.03.2011, 14:43
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Treverus Treverus is offline
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Re: Financial Mis-selling to expats

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Why not offer the same "advice" to the locals?
Because the Swiss authorities might care more about locals than about you. If you fall for a scam that transfers your money to some channel Island without proper regulation, nobody cares: Your home country thinks "he didn't pay his taxes here", the channel island government thinks "when is my next payment coming" and Switzerland thinks "Who cares? What an idiot...". If on the other hand some Swiss loses his money and stirs up a stink in Blick, some populistic politicians would ride the wave and get the "advisors" into hot water.

So targetting expats is risk avoidance, helps you to find over average earner quickly and you can continue to use your cheap UK call center for the cold calls, otherwise you need to know the local language...
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